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A few years ago, you purchased a home for $85900. Today, the home is worth $108600. Your remaining mortgage balance is $52671. Assuming you can

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A few years ago, you purchased a home for $85900. Today, the home is worth $108600. Your remaining mortgage balance is $52671. Assuming you can borrow u to 80 percent of the home's current value, what is the maximum amount of cash you could borrow in a cash-out home refinancing after paying off your original mortgage You are currently paying $125 in interest on your credit cards annually. If, instead of paying interest, you saved this amount every year, how much would you accumulate in a tax-deferred account earning 9% over the next 10 years

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