you have just graduated from msu, and have landed a job with a starting salary of $75,000 per year. you have decided to buy a house, and you have $10,000 saved up from your part-time job at qdoba. the eighth national bank of dewitt is offering to give you a 30-year mortgage at 9.7% annual interest with monthly payments, but they will not give you a loan that will involve monthly payments of more than 25% of your monthly income. assuming you will borrow as much as you can from this bank, and assuming closing costs of 4%, what is the highest price you will be able to pay for the house?