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If James has a house worth $500,000, other assets of $50,000, a mortgage loan of $150,000, income after tax of $80,000, an annual surplus of

If James has a house worth $500,000, other assets of $50,000, a mortgage loan of $150,000, income after tax of $80,000, an annual surplus of $5,000 a year and mortgage repayments of $20,000 a year.

Calculate James' Debt Service ratio (to the nearest percent)?

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