Question
Ramon and Betsy are looking at buying a second car. They provide you with the following financial information: Ramon's Gross Income $55,000 Betsy's Gross Income
Ramon and Betsy are looking at buying a second car. They provide you with the following financial information:
| Ramon's Gross Income | $55,000 |
| Betsy's Gross Income | $65,000 |
| Annual Mortgage payment | $21469 |
| Annual Property Tax | $4924 |
| Annual Heat Costs | $1254 |
| Annual Condo Fees | $2006 |
| Annual Credit Card Payments | $3,000 |
| Annual Student Loan Payments | $6,000 |
What is Ramon and Betsy's Gross Debt Service Ratio? Round your answer to the nearest two decimal places and DO NOT include any symbols or signs.
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Global Finance And The Macroeconomy
Authors: A. Makin
1st Edition
0333736982, 978-0333736982
