Crystal Is Considering Purchasing a Condo That Will Have Monthly

question 32

Multiple Choice

Crystal is considering purchasing a condo that will have monthly payments of $1,950 per month. Property taxes along with heating costs will total $400 per month. Her monthly credit card bills total $75 per month and car payments are $450 per month. If Crystal's gross monthly income is $7,500 per month, determine his Total Debt Service Ratio.

• A) 37.33%
• B) 38.33%
• C) 39.33%
• D) 40.33%
• E) 41.33%

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Definitions:

Mechanism

The detailed process by which a chemical reaction occurs, at the level of molecular structure.

Protic Solvents

Solvents that have hydrogen atoms capable of forming hydrogen bonds, often used in reactions requiring proton transfer.

Alkenes

Hydrocarbons containing at least one carbon-carbon double bond, characterized by their unsaturated nature.

Reaction Products

The substances formed by the chemical change that occurs during a reaction, resulting from the rearrangement of atoms and bonds in reactants.