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Assignment 5.3: Investment Decisions (continued) 2. Kaydee and Amanda own a house valued at $248,000 and have a mortgage on the property of $178,000. They

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Assignment 5.3: Investment Decisions (continued) 2. Kaydee and Amanda own a house valued at $248,000 and have a mortgage on the property of $178,000. They have paid off their car worth $8000. However, they still owe $3500 on a line of credit at the bank. Based on their Debt to Equity ratio, would the bank give them a loan of $22,000 to buy a new car? (3 marks) turns inment

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