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5. 1. State one short-term and one long-term financial goal of yours. (2) 2. Calculate the gross debt service (GDS) and the total debt service

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5. 1. State one short-term and one long-term financial goal of yours. (2) 2. Calculate the gross debt service (GDS) and the total debt service (TDS) ratios for the following data. (Show Necessary Calculation) (3) Monthly mortgage payment $1,840 Monthly Property taxes $180 Heating costs $320 Food Costs $200 Home Maintenance Fees $505 Personal loan payment Car loan payment Credit card payment Salary Income from leasing Parking Spot $150 $430 $120 $5500 $120 5. 1. State one short-term and one long-term financial goal of yours. (2) 2. Calculate the gross debt service (GDS) and the total debt service (TDS) ratios for the following data. (Show Necessary Calculation) (3) Monthly mortgage payment $1,840 Monthly Property taxes $180 Heating costs $320 Food Costs $200 Home Maintenance Fees $505 Personal loan payment Car loan payment Credit card payment Salary Income from leasing Parking Spot $150 $430 $120 $5500 $120

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