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Credit Limit, Mary and Marty are interested in obtaining a home equity loan. They purchased their house five year ago for $161,000 and it now

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Credit Limit, Mary and Marty are interested in obtaining a home equity loan. They purchased their house five year ago for $161,000 and it now has a market value of $213, 103. Originally, Mary and Marty paid $38, 583 the house and look out a $122, 417 mortgage. The current balance on their mortgage is $95, 925. The bank uses 60% of equity in determining the credit limit. What will their credit limit be if the bank bases their credit limit on invested and will loan them 60% of the equity? If the bank bases their credit limit an equity invested and will loan them 60% of the equity, their credit limit will be $ (Round to the nearest dollar.)

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