(6 points) Jeremy and his wife, Jennifer, both work and have a combined gross income of $85000 per year. They estimate the property taxes on their condo will be $1300 and insurance would be about $1770 per year. Jeremy takes the bus to work, but Jennifer has a car payment of $245 per month, and they are both still paying off student loans for a combined total of $200 per month. Use this information to answer the questions below. Express your answers rounded correctly to the nearest cent! (i) Determine how much of a monthly mortgage Jeremy and Jennifer can afford. (Use the Total Expense Ratio from your class materials.) Payment = $ (ii) If the couple can get a 10-year mortgage with a fixed rate of 8.05%, use Excel's PV function to determine how much house they could afford Amount to Borrow = $