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Your home was recently appraised for $172,000. The balance on your existing mortgage is $120,650....

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Basic Math

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Your home was recently appraised for $172,000. The balance on your existing mortgage is $120,650. If your bank is willing to loan up to 75% of the appraised value, what is thepotential amount of credit available on a home equity loan?O $8,350O $51,350O $90,488O $129,000

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