Personal Finance, 4e (Madura) - carlisle.k12.ky.us
1) You have a home with a market value of $200,000. Your total equity in the home is $40,000. The maximum home equity loan available if the bank will loan 80 percent based on equity invested is (a) $28,000. (b) $32,000. (c) $112,000. (d) $128,000. Answer: (b) $40,000 × 0.8 = $32,000. Diff: 2 Page Ref: 233. Question Status: Revised ................
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