A few years ago, Misha Azim purchased a home for $100,000. Today, the home is worth $150,000.

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A few years ago, Misha Azim purchased a home for $100,000. Today, the home is worth $150,000. His remaining mortgage balance is $50,000. Assuming that Misha can borrow up to 80 percent of the market value, what is the maximum amount he can borrow?

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Personal Finance

ISBN: 978-1259453144

6th Canadian edition

Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Arshad Ahmad, Jordan Fortino

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Question Posted: May 22, 2017 10:07 AM

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A few years ago, Misha Azim purchased a home for $100,000. Today, the home is worth $150,000.

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Present market value of Mishas home 150000 ...View the full answer

Personal Finance

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