Neal and his wife, Nichole, both work and have a combined gross income of $120000 per year. They estimate the property taxes on their condo will be $1350 and insurance would be about $1870 per year. Neal takes the bus to work, but Nichole has a car payment of $320 per month, and they are both still paying off student loans for a combined total of $300 per month. Use this information to answer the questions below. Express your answers rounded correctly to the nearest cent! (1) Determine how much of a monthly mortgage Neal and Nichole can afford. (Use the Total Expense Ratio from your class materials.) Payment = $ (ii) If the couple can get a 25-year mortgage with a fixed rate of 6.1%, use Excel's PV function to determine how much house they could afford Amount to Borrow = $