Business Studies, asked by hemanshipatel16285, 1 month ago

Mr. A paid $135,000 for his house, which now has a market value of $185,000. Mr. A's debt is now $75,000 in arrears. Assume that A will borrow up to 75% of his home's current market value. What is the highest loan sum that A should take out?

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Answered by Ghanu123456

Explanation:

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Mr. A paid $135,000 for his house, which now has a market value of $185,000. Mr. A's debt is now $75,000 in arrears. Assume that A will borrow up to 75% of his home's current market value. What is the highest loan sum that A should take out? ​

Answers

Mr. A paid $135,000 for his house, which now has a market value of $185,000. Mr. A's debt is now $75,000 in arrears. Assume that A will borrow up to 75% of his home's current market value. What is the highest loan sum that A should take out?