please answer part B

In the last discussion (unit 3 part A discussion), you filled in a table to create a fake budget. The first line in your budget was for "Housing: mortgage and property taxes." a) How much did your budget allow for "housing: mortgage and property taxes" each month? $2,800 b) Let's assume the bank approves you for a 6.2% annual rate for a 30 year mortgage. For this problem, let's assume you have no property taxes at all (yeah right! Dream on!). If you used your entire housing budget amount towards paying the mortgage with this 6.2% annual rate, then how much could you get a home loa for? Show your work by using the formula to calculate the amount of mortgage you could afford with that budget amount each month. In the last discussion (unit 3 part A discussion), you filled in a table to create a fake budget. The first line in your budget was for "Housing: mortgage and property taxes." a) How much did your budget allow for "housing: mortgage and property taxes" each month? $2,800 b) Let's assume the bank approves you for a 6.2% annual rate for a 30 year mortgage. For this problem, let's assume you have no property taxes at all (yeah right! Dream on!). If you used your entire housing budget amount towards paying the mortgage with this 6.2% annual rate, then how much could you get a home loa for? Show your work by using the formula to calculate the amount of mortgage you could afford with that budget amount each month