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26. Bill and Susan have mortgage of $900 a month (principle and interest). They have annual property tax of $3,000 and annual insurance of $1,500.
26. Bill and Susan have mortgage of $900 a month (principle and interest). They have annual property tax of $3,000 and annual insurance of $1,500. They then have other debt payments of student loans of $200 a month. Their combined income is $75,000. What is their broad housing ratio?
A. 26%
B. 37%
C. 24%
D. 40%
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