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Your borrowers have monthly income of $15,000, in the neighborhood that they are looking to purchase the average property tax per year is $4,800 and
Your borrowers have monthly income of $15,000, in the neighborhood that they are looking to purchase the average property tax per year is $4,800 and the average heat cost per year is $2,400. Their monthly debt payments are $500 from a line of credit. If the TDS cannot be more than 40%, how much of a payment can they afford?
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
