Your brother is considering the purchase of a home rather than renewing the base on his two bedroom apartment he is currently paying 5900 per month for rent he has asked you to decide what sort of home he might be able to afford with his current monthly rent payment his bank offers first time home buyers with good credit) a 25-year mortgage at a fixed rate of 62%. use this information to answer the questions below express your answers rounded correctly to the nearest centi (1) of the cost of insurance and property taxes is about $165 per month in the neighborhood where he'd like to live, what monthly mortgage payment can be afford? (refer to your class notes for the formula) payment 5 cd use excel's pv function to determine how much your sister could afford to borrow for a home amount to borrow is