car montly payment is 332.58$

A3. Make the following assumptions: Your future income = $45,000/year You pay $1200/month in rent You have a cell phone bill of $75/month You have a student loan payment of $200/month You have a VISA card with a $1000 limit and $1000 outstanding balance Car insurance will cost $3000/year Groceries cost you $100/week Gas will cost you $50/week You have no other expenses. Calculate your TDSR and your Debt-to-Payments Ratio given the above-mentioned assumptions and including the car loan payment you just calculated. (12 marks) Would you qualify for this purchase? (2 marks)