Question
17) You purchased your condo for $295,000 5 years ago. The current market value is $330,000. You still owe $190,000 on the mortgage. If you
17)
You purchased your condo for $295,000 5 years ago. The current market value is $330,000. You still owe $190,000 on the mortgage. If you can borrow up to 80% of the market value, what is the maximum amount you can borrow?
***SHOW all work
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Cost management a strategic approach
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
5th edition
978-0073526942
