You earn a yearly gross salary of $225,[I. The BID-year fixed rate mortgage loan rate is 3.6% per year. Lenders require that the mortgage loan is at most 30% of the value of the house and that monthly payment on the mortgage loan is at most 23% of the borrowers' monthly gross income. Interest on mortgage loans is deducted from income before tax is computed on it, and over the next 30 years you expect that your income will be taxed at 45%. {i}. {ii}. {iii}. {iv}. {v}. {vi}. Work out your monthly gross income, and work out C, the maximum monthly payment. Work out rm, the monthly interest rate you will use to compute the maximum amount of the loan. Work out the maximum amount of loan for which you can qualify given your income. Work out the value of the most expensive house you can nance with a 30year fixed rate mortgage loan, and the amount of down payment you will be required to put up. ssuming that the house is bought on August 1, Etil and the rst monthly payment is made on September 1, 20113, work out the amount that you will save in taxes in the year 225. Assuming that the value of the house appreciates by {145% per month, work out the percentage of your stake in the house at the end of the year 2D34