Crystal Is Considering Purchasing a Condo That Will Have Monthly

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%