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1 . The Anderson s are looking to purchase a new home. They have a combined gross annual income of $ 7 0 , 4

1. The Andersons are looking to purchase a new home. They have a combined gross annual income of $70,440. The mortgage payment would be $1,822 per month and the property taxes would be $5,540 per year; heating costs are estimated to be $2,700 annually. Calculate the GDSR to 2 decimal places & state whether or not the Andersons would qualify for the mortgage.

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