Calculate the Gross Debt Service (GDS) and the Total Debt Service (TDS) ratios for the following data.
Question:
Monthly mortgage payment = $2100
Property taxes = $200
Heating costs = $115
Other housing costs = $70
Personal loan payment = $150
Car loan payment = $200
Credit card payment = $150
Gross monthly household income = $7800
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
GDS 2100 200 115 70 ...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
1+ Reviews
10+ Question Solved
Related Book For 
Personal Finance
ISBN: 978-1259453144
6th Canadian edition
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Arshad Ahmad, Jordan Fortino
Question Posted:
