calculus/ calculus solutions manuals/ college mathematics for business, economics, life sciences, and so Mathematics for Business, Economics LES (14th Edition) apter 3.4. Problem 59E Bookmark Show all steps: ON Problem A couple wishes to borrow money using the equity in its home for collateral. A loan company will loan the couple up to 70% of their equity. The couple purchased the home 12 years ago for $179.000. The home was financed by paying 20% down and signing a 30-year mortgage at 8.4% 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 $215,000. After making the 144th payment, the couple applied to the loan company for the maximum loan. How much to the nearest dollar) will the couple receive? Step-by-step solution There is no solution to this problem yet. Get help from a Chegg subject expert. Ask an expert MacBook Pro