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Hello can you help with the below? 2. Calculating the Amount for a Home Equity-Loan: A few years ago, Maria Ramundo purchased a home for
Hello can you help with the below?
2. Calculating the Amount for a Home Equity-Loan: A few years ago, Maria Ramundo purchased a home for $400,000. Today, the home is worth $600,000. Her remaining mortgage balance is $270,000. Assuming that Maria can borrow up to 80 percent of the market value of her home, what is the maximum amount she can borrow?
Thanks,
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