5. (10 points) When a bank lends a homebuyer a mortgage loan, the bank will foreclose on the home if the homeowner cannot make the required monthly payment. 28% of adjusted monthly income is generally accepted as the maximum amount a homebuyer can afford to commit to a mortgage payment. A certain homebuyer has an adjusted monthly income of $8000. He wishes to buy a home which would require a mortgage with a monthly payment of $3500. Based on the information above, determine the maximum amount the homebuyer could afford to commit to a mortgage payment. Discuss whether it would be ethical for the bank to issue the mortgage loan to this individual. 5. (10 points) When a bank lends a homebuyer a mortgage loan, the bank will foreclose on the home if the homeowner cannot make the required monthly payment. 28% of adjusted monthly income is generally accepted as the maximum amount a homebuyer can afford to commit to a mortgage payment. A certain homebuyer has an adjusted monthly income of $8000. He wishes to buy a home which would require a mortgage with a monthly payment of $3500. Based on the information above, determine the maximum amount the homebuyer could afford to commit to a mortgage payment. Discuss whether it would be ethical for the bank to issue the mortgage loan to this individual