Question 15 of 15 1 Points Question 1: A bank is in the process of underwriting a loan application. They require that for a loan the total debt (mortgage, car and consumer loans) cannot not exceed 40% of the applicant's income. Mortgage payments must not exceed more than 25% of the applicant's income. The applicant currently has a car loan of $600/month and credit card debt of $450/month. If the applicant has an annual income of $60,000, what is their maximum monthly mortgage payment the bank wil approve? Show your work for partial credit. Maximum number of characters (including HTML tags added by text editor): 32,000 Show RichTextEditor and character.counti