Mona calculated her Total Debt Service Ratio to be 35%, given a gross monthly income of $5,800 per month. If her other debt amounted to $250 and her utilities and condo fees were another $300, then determine how much her monthly mortgage payments are.
A) 1,240
B) $1,380
C) $1,420
D) $1,480
E) $1,550
Correct Answer:
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