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The market value of Karen's home is $120,000 and the balance on her mortgage loan is $80,000. The lender has agreed to let her borrow

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The market value of Karen's home is $120,000 and the balance on her mortgage loan is $80,000. The lender has agreed to let her borrow up to 75% of the total value of her home less the mortgage. How much can she borrow with a home equity loan? $10,000 $40,000 $80,000 O $90,000 $120,000

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