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A couple wishes to borrow money using the equity in their home for collateral. A loan company will on 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 on them up to 70% of their equity. They puchased their home years ago for $65,539. The home was financed by paying 15% down and signing a 15-year mortgage 19.3% on the unpaid balance Equal monthly payments were made to amortize the loan over the 15-year period. The net market value of the house is now $100.000. Alter making the 100th payment, they applied to the loan company for the maximum loan. How much to the rest dollar) will they receive? Amount of loans Pound to the nearest dole)

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