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Jane Doe earns $68,400 per year and has applied for an $118,920.05, 25-year mortgage at 12 percent interest, paid monthly. Property taxes on the house

Jane Doe earns $68,400 per year and has applied for an $118,920.05, 25-year mortgage at 12 percent interest, paid monthly. Property taxes on the house are expected to be $6000 per year. What is her gross debt service ratio?

40%

28%

31%

35%

25%

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