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Posted on May 11, 2024

A prospective borrower has an estimated monthly housing expense of$ 1 , 6 0 0 and his monthly obligations total $ 2 , 1 0

A prospective borrower has an estimated monthly housing expense of$

1, 600

and his monthly obligations total $

2, 100 .

If the borrower\'s monthly grossincome is $

5, 845,

what is the total obligations ratio?

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