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Make the following assumptions: Your future income = $45,000/year You pay $1200/month in rent You have a cell phone bill of $75/month You have a

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Make the following assumptions: Your future income = $45,000/year You pay $1200/month in rent You have a cell phone bill of $75/month You have a student loan payment of $200/month You have a VISA card with a $1000 limit and $1000 outstanding balance Car insurance will cost $3000/year Groceries cost you $100/week Gas will cost you $50/week You have no other expenses. Car loan 356.24/monthly Calculate your TDSR and your Debt-to-Payments Ratio given the above-mentioned assumptions and (12 marks) Would you qualify for this purchase? (2 marks)

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