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M. Brown earns $48,000 salary per year. In order to qualify for an 85% loan, his monthly PITI payment cannot be more than 28% of his monthly salary. The annual taxes and insurance will be $2,352.60. If the monthly principal and interest payment is $10.87 per $1,000 of loan amount, what is the sales price he can afford? 5112.000 585.000 5100.000 5125.000 Question 14 4 pts The annual gross income from an office building is $75,400, and the monthly expenses are $2,700. If the appraiser uses an 11% rate of return, what is the estimated value of the property rounded to the nearest hundred? $990.900 5680.900 5500000