A few years ago, Michael Tucker purchased a home for $182,000. Today the home is worth $230,000. His remaining mortgage balance is $17,000. Assuming Michael can borrow up to 80 percent of the market value

A few years ago, Michael Tucker purchased a home for $182,000. Today the home is worth $230,000. His remaining mortgage balance is $17,000. Assuming Michael can borrow up to 80 percent of the market value of his home, what is the maximum amount he can borrow?

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A few years ago, Michael Tucker purchased a home for $182,000. Today the home is worth $230,000. His remaining mortgage balance is $17,000. Assuming Michael can borrow up to 80 …

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