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  3. 1. the andersons are looking to purchase a new hom

1. The Andersons are looking to purchase a new home. They have a combined gross...

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Accounting

1. The Andersons are looking to purchase a new home. They have a combined gross annual income of $70,440. The mortgage payment would be $1,822 per month and the property taxes would be $5,540 per year; heating costs are estimated to be $2,700 annually. Calculate the GDSR to 2 decimal places & state whether or not the Andersons would qualify for the mortgage.

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