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John has a gross income of $90,000 (annually). His mortgage payment is $1,900 (monthly). Last year he paid $2,600 in property taxes. His other debt
John has a gross income of $90,000 (annually). His mortgage payment is $1,900 (monthly). Last year he paid $2,600 in property taxes. His other debt obligations are a monthly $240 for a car loan repayment and a minimum payment of $210/month on his credit card balance of $4,200. Calculate the total debt service ratio.
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