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3. Coastal Bay Lending Company will lend a minimum of 25% and a maximum of 65% of the value of a borrower's collateral. If Patrick

3. Coastal Bay Lending Company will lend a minimum of 25% and a maximum of 65% of the value of a borrower's collateral. If Patrick wishes to use his $1,200 worth of gadgets as collateral: a. What's the minimum amount he could borrow? b. What's the maximum amount he could borrow?

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