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Calculate the housing expense ratio and the total obligation ratio (in %) for the following mortgage applications. (Round your answers to two decimal places.)

Calculate the housing expense ratio and the total obligation ratio (in %) for the following mortgage applications. (Round your answers to two decimal places.) Applicant Martin Monthly Gross Income $3,900 Monthly PITI Expense $705 Other Monthly Financial Obligations $730 Housing Expense Ratio (%) % Total Obligations Ratio (%) %

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