A few years ago, Michael Tucker purchased a home for $119000. Today the home is worth $166000.
Fantastic news! We've Found the answer you've been seeking!
Question:
A few years ago, Michael Tucker purchased a home for $119000. Today the home is worth $166000. His remaining mortgage balance is $59000. Assuming Michael can borrow up to 74 percent of the market value of his home, what is the maximum amount he can borrow? Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.
Related Book For
Personal Finance
ISBN: 978-0077861643
11th edition
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
Posted Date: