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schepotkina [342]
4 years ago
7

Erica makes $4,840 monthly. What is the maximum loan she can take out on a house? $58,080

Mathematics
2 answers:
pickupchik [31]4 years ago
8 0

Answer: 116,160

Step-by-step explanation:

I just took the test, found a similar answer online

Vaselesa [24]4 years ago
7 0
I believe this question can be better answered with missing values like rate of the loan from bank etc.
However, to solve with only the given.
We take annual income. $4,840 x 12 = <span>$58,080 
</span>To take morgage is 3 times the annual income. $<span>58,080 x 3=$174,240 </span>

The maximum loan she she can take out on a house is <span>$174,240</span>
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Answer:

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Step-by-step explanation:

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Then the combined ages of the two people is given as 85. So we can write an equation as,

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