Marie and Charles make monthly mortgage payments of $1,500, pay property taxes of $3,000 a year, and
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Marie and Charles make monthly mortgage payments of $1,500, pay property taxes of $3,000 a year, and owe $5,000 on their credit cards on which their average minimum payment is $250. They also have a car loan which costs them $550 a month. Their combined gross pay is $140,000 a year and their take-home pay totals $102,000. What is their GDS ratio?
a) 20.6%
b) 15.0%
c) 21.9%
d) 30.0%
Related Book For
Fixed Income Securities Valuation Risk and Risk Management
ISBN: 978-0470109106
1st edition
Authors: Pietro Veronesi
Posted Date: