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Tony Stark earns $53,000 per year and has applied for a $250,000, 15-year mortgage. We expect him to pay it monthly at an interest rate

Tony Stark earns $53,000 per year and has applied for a $250,000, 15-year mortgage. We expect him to pay it monthly at an interest rate of 6.25%. Assume the property taxes on this house will be $5,450 per year. a. What is Starks total payment per month? (1 point) b. What is Starks gross debt service ratio? (2 points) c. If our bank is only willing to accept loan applicants with a debt service ratio less than 27%, should we approve the loan? (2 points)

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