Gordon and Helen have recently purchased a 2,500 square foot home for $300,000. They have requested a loan for $225,000. Real property taxes are estimated at $2,000 per annum. The loan will be at a rate of 10% per annum, compounded semi-annually with monthly payments to fully amortize the loan over 20 years. A. If the lender sets a GDSR of 32% What is the minimum income required by the purchasers to quality for the desired loan? [$86,546.50 B. Assume that Gordon and Helen earn $80,000 per annum, Gordon has a car loan of $276 per month and Helen has a boat loan with payments of $500 per quarter of the lender sets a GDSR of 32% and a TDSR of 40%, what is the maximum allowable loan? Assume all other facts remain as in the original question. (5206,655.83 under GDSRI