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Assuming that simon can borrow up to 70 percent of the

A few years ago, Simon Powell purchased a home for $250,000. Today, the home is worth $450,000. His remaining mortgage balance is $200,000. Assuming that Simon can borrow up to 70 percent of the market value, what is the maximum amount he can currently borrow against his home?

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Finance Basics: Assuming that simon can borrow up to 70 percent of the

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