For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $).   Appraised Value = 358,700 Lenders Percentage = 75% Balance of First Miortgage = 194,500   Solve for the following:   Percentage of Appraised Value (in $)   Potential Credit (in $)

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.3: Modeling With Linear Equations
Problem 3ECP: Your family has annual loan payments equal to 28 of its annual income. During theyear, the loan...
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For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $).
 
Appraised Value = 358,700
Lenders Percentage = 75%
Balance of First Miortgage = 194,500
 
Solve for the following:
 
Percentage of Appraised Value (in $)
 
Potential Credit (in $)
 
 
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ISBN:
9781337282291
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Ron Larson
Publisher:
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