You found a home to buy. The sales price is $400,000. You are going to put 20% down on the purchase. The lender is charging you 4% interest for a 30- year loan. For this rate, your lender requires that your PITI payments are no more than 30% of your gross income. The taxes and insurance on this home total $1,200 per month. How much annual income must you have in order to qualify for the loan on this home? O a $5,093 b.$90,930 O c. $9,093 O d. 561,129 e. $109,000