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A couplo 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 couplo wishes to borrow money using the equity in their home for collateral. A loan company will loan them up to 70% of their equiy. They puchased their home 10 years ago for 376.560. The home was financed by paying 15% down and signing a 30-year morigage at 8.1% on the unpaid balance. Equal monthy payments were made to amerize the loan orer the 30-year poriod. The nee market value of the house is now $100,000. After making their 120 th payment, they applied to the loan company for the maimum loan. How much (to the neorest dolar) will they receive? Amount of loan: 1 (Round to the nearest dolar.)

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