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Calculate the gross debt service (GDS) and the total debt service (TDS) ratios for the following data. (Please read chapter 7 in page 233 to

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Calculate the gross debt service (GDS) and the total debt service (TDS) ratios for the following data. (Please read chapter 7 in page 233 to solve this question.) Monthly mortgage payment = $3600 Property taxes = $420 Heating costs = $80 Other housing costs = $100 Personal loan payment = $150 Car loan payment = $200 Credit card payment = $150 Gross monthly household income = $9,000 GDS= TDS=

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