Question: need 14 and 15 Question 14 (0.15 points) A few years ago, you purchased a home for $89800. Today, the home is worth $108700. Your
need 14 and 15
Question 14 (0.15 points) A few years ago, you purchased a home for $89800. Today, the home is worth $108700. Your remaining mortgage balance is $45439. Assuming you can borrow up to 80 percent of the home's current value, what is the maximum amount of cash you could borrow in a cash-out home refinancing after paying off your original mortgage? Your Answer: Answer View hint for Question 14 Question 15 (0.15 points) You are trying to decide between a 48-month loan and a 60-month car loan. If the loan is for $14,000 at 3% APR, how much more per month is the monthly payment of the shorter loan? Your
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