Question: Please show calculation process 1. Sharry is interested in buying her first home. Currently her monthly gross income is $3,000. From this she makes a

Please show calculation process

1. Sharry is interested in buying her first home. Currently her monthly gross income is $3,000. From this she makes a car payment of $240, a personal loan payment of $300 and a student loan payment of $85. Based on this information would a bank approve Sharry for a mortgage? Support your answer by using Debt ratio calculation.

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