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a few years ago, simon powell purchased a home for $110,000. today the home is worth $150,000. his remaining mortgage balace is $50,000. assuming that

a few years ago, simon powell purchased a home for $110,000. today the home is worth $150,000. his remaining mortgage balace is $50,000. assuming that simon cam borrow up to 80 percent of the market value, what is the maximum amount he can borrow?

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