1. Jane wants to buy a condo. Compute Housing Ratio 1 and Housing Ratio 2 for Jane based on the following:
   1. $300,000 mortgage @ 3.24% for thirty years
   2. $3,200 property tax per year
   3. $310 homeowners insurance per year
   4. Shes paying on a $65,000 school loan
      1. 3.4%
      2. 120 Months (four years to go)
   5. Her gross pay is $70,000 per year

(please show work for all computations)