For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $). Percentage of Percentage Appraised Value (in $) Potential Credit (in $) Appraised Lender's Value $121,500 70% $ Balance of First Mortgage $53,400 $

For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $ ). \begin{tabular}{|c|c|c|c|c|} \hline \begin{tabular}{c} Appraised \\ Value \end{tabular} & \begin{tabular}{c} Lender's \\ Percentage \end{tabular} & \begin{tabular}{c} Percentage of \\ Appraised Value (in $ ) \end{tabular} & \begin{tabular}{c} Balance of \\ First Mortgage \end{tabular} & \begin{tabular}{c} Potential \\ Credit (in $ ) \end{tabular} \\ \hline$121,500 & 70% & $ & $53,400 & $ \\ \hline \end{tabular}