The total household income available is $3963. Mortgage payments including taxes, principal, and interest are $1189. In addition, there are condo fees of $126 and heating costs of $56 monthly and a car lease of $241. What is the gross debt service ratio?
A) 40.7 percent
B) 30.0 percent
C) 39.1 percent
D) 34.6 percent
Correct Answer:
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