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

$116,160

$100,000

$87,120

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 = $58,080

To take morgage is 3 times the annual income. $ 58,080 x 3=$174,240

The maximum loan she she can take out on a house is $174,240