The housing expense ratio and total obligation ratio for Morton, when the monthly gross income is $ 5300 , monthly PITI expense is $ 1288 and other monthly financial obligation is $ 840 .

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Chapter 14, Problem 9AT

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To calculate: The housing expense ratio and total obligation ratio for Morton, when the monthly gross income is $5300, monthly PITI expense is $1288 and other monthly financial obligation is $840.

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