Calculate the Gross Debt Service (GDS) and the Total Debt Service (TDS) ratios for the following data. Monthly mortgage payment = $2,725 Property taxes = $325 Heating costs $240 Other housing costs = $195 Personal loan payment = $275 Car loan payment = $325 Credit card payment = $275 Gross monthly household income = $14,050
Calculate the Gross Debt Service (GDS) and the Total Debt Service (TDS) ratios for the following data. Monthly mortgage payment = $2,725 Property taxes = $325 Heating costs $240 Other housing costs = $195 Personal loan payment = $275 Car loan payment = $325 Credit card payment = $275 Gross monthly household income = $14,050
Chapter1: Financial Statements And Business Decisions
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![1. Calculate the Gross Debt Service (GDS) and the Total Debt Service (TDS) ratios for the
following data.
Monthly mortgage payment = $2,725
Property taxes = $325
Heating costs $240
Other housing costs = $195
Personal loan payment = $275
Car loan payment = $325
Credit card payment = $275
Gross monthly household income = $14,050](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0ad7fe4d-a6c8-48db-b846-91d24ded8485%2F1649e9c0-28b5-4ff7-9e80-5346cdf23847%2Fnzm26no_processed.png&w=3840&q=75)
Transcribed Image Text:1. Calculate the Gross Debt Service (GDS) and the Total Debt Service (TDS) ratios for the
following data.
Monthly mortgage payment = $2,725
Property taxes = $325
Heating costs $240
Other housing costs = $195
Personal loan payment = $275
Car loan payment = $325
Credit card payment = $275
Gross monthly household income = $14,050
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