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 purchased their home 10 years ago for $62,095. The home was financed by paying 10% 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. After making their 12th payment, they applied to the loan company for the maximum loan. how much (to the nearest dollar) will they recieve?

A tehes lo bomow money use the county in their home for collaboral. A loan company will to them up to 70% of their oy They puched their home to you for $2.095 The home red by a 10 down and signing a 30-your mortgage at 96% on the unpaid balance Equal morthly payments were made to attend your pet The net market value of the house is now 100 000 Auking to 1206) payment, they applied to the loan company for the maximum loan How much to the nearest dollar will they receive Amount of loan: 1 (Round to the trust dolu) A couple wishes tobomow money in the fully in their home common to your web Themen down and signing 30 yamage to the road balu moly payment of the house 1180000 Ah 120th payment they applied to the company for the moon How to the wild Amount of an Round to the nearest dollar)