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Narrative 14-2 For Problems in This Section, Use Table 14-1 from Your

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Narrative 14-2
For problems in this section, use Table 14-1 from your text to find monthly mortgage payments.
-Refer to Narrative in your text 14-2. Harold Stiles earns a gross income of $2,960 per month. He has made application for a mortgage with a monthly PITI of $596.20. Harold has other financial obligations totaling $219 per month. (Use the ratio guidelines from your text)
A)What is Harold's housing expense ratio? (Round to the nearest tenth of a percent)
B)What is Harold's total obligations ratio? (Round to the nearest tenth of a percent)

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