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Edward's monthly gross income is $3850. He is buying a house that requires a $850 monthly payment. Property taxes would be $310 per month and

Edward's monthly gross income is $3850. He is buying a house that requires a $850 monthly payment. Property taxes would be $310 per month and insurance premiums of $64 per month. What is Edward's mortgage debt service ratio?

63.58%

24.72%

31.79%

12.36%

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