Ella can buy a house worth $5 million
Loan is the amount of money borrowed from a bank or any other person , The amount has to be returned back with a Interest.
It is given that
The maximum loan Ella can get from the bank is $445,000
Ella has $55,000 available to make the down payment.
The highest value home that she can purchase is the sum of money she has and the maximum amount of money she can get from the bank.
It is given by
$445,000 + $55,000
$500,000
Therefore Ella can buy a house worth $5 million
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