As housing prices in his area have recently dropped, Tarek is insistent that he should buy a home. Given his projected monthly income of $5,200 and other monthly debt repayment expenses of $250 for a car and estimated student loan payments of $510 per month (use this number rather than the number calculated for part (c)), whats the maximum monthly principal and interest payment he can afford if insurance is $80 per month and property taxes on the home are an additional $210 per month (use HUD guidelines)? What size loan can Tarek afford based on your answer, assuming that he can obtain a 5.5% loan for 25 years?