A few years ago, Simon Powell purchased a home for $110,000. Today, the home is worth $150,000. His remaining mortgage balance is $50,000. Assuming that Simon can borrow up to 80 percent of the market value, what is the maximum amount he can currently borrow against his home?
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A few years ago, Simon Powell purchased a home for $110,000. Today, the home is worth $150,000. His...
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