Business, 11.03.2020 02:56 whiterm04

A few years ago, Michael purchased a home for $200,000. Today, the home is worth $300,000. His remaining mortgage balance is $100,000. Assuming Michael can borrow up to 80 percent of the market value of his home, what is the maximum amount he can borrow?

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A few years ago, Michael purchased a home for $200,000. Today, the home is worth $300,000. His remai...

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