A Few Years Ago, Mary Purchased a Home for $100,000

question 60

Multiple Choice

A few years ago, Mary purchased a home for $100,000. Today the home is worth $150,000. The remaining balance on the mortgage is $50,000. If Mary can borrow up to 80% of the market value of the equity, the maximum amount she can borrow is

• A) $80,000.
• B) $70,000.
• C) $100,000.
• D) $50,000.

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Definitions:

Primary Audience

The audience who will make a decision or act on the basis of a message.

Sales Presentation

A promotional speech or pitch aiming to persuade an audience to purchase a product or service, often involving a demonstration or detailed explanation.

Communication Channel

The means by which you convey your message.

Gatekeepers

Gatekeepers are individuals or policies that control access to information, resources, or decision-makers, often found in media, organizations, and various industries.