Lionel is looking for a new home in Nanaimo. a. The bank employs the 30% rule: no more than 30% of your gross income may be allocated to mortgage and property tax. Lionel has a gross monthly income of $7,600, and expects to have to pay $3,600 a year in property tax. What is the maximum mortgage he qualifies for, if he is looking for a 25 year amortization at 5.0% compounded semi-annually? Fill out the table below. PAY C/Y ho 10 N I/Y PV PMT N. FV BGN (click to select) NOTE: Make PV Positive Enter "CPT" for the value that needs to be computed. Maximum mortgage: w Round to the nearest cent