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A couple wishes to borrow money using the equity in their home for collateral. A loan company will loan them up to 70% of their

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A couple wishes to borrow money using the equity in their home for collateral. A loan company will loan them up to 70% of their equity. They puchased their home 11 years ago for $72.151. The home was financed by paying 15% down and signing a 30-year mortgage at 9.6% on the unpaid balance. Equal monthly payments were made to amortize the loan over the 30-year period. The net market value of the house is now $100.000. Aber making their 133nd payment, they appled to the loan company for the maximum loan. How much to the nearest dollar) will they receive? Amount of loans Round to the nearest dollar)

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