Sheldon Has a Home Valued at $108,000 with an Outstanding

question 58

Multiple Choice

Sheldon has a home valued at $108,000 with an outstanding mortgage of $70,000. If his lender is willing to provide a home equity loan of up to 80% of the market value of his home, how much can Sheldon borrow using a home equity loan?

• A) $86,400
• B) $80,000
• C) $38,000
• D) $30,400
• E) $16,400

---

Definitions:

Ecofeminist

An approach that combines ecological concerns with feminist perspectives, highlighting the connection between the exploitation of nature and the subordination of women.

Masculine Orientation

A societal tendency to value traits traditionally associated with masculinity, such as assertiveness and competitiveness.

Biocolonialism

The practice of exploiting biological resources, often in less developed countries, without fair compensation or benefits to the local populations, raising ethical and economic concerns.

Biopiracy

The practice of commercially exploiting naturally occurring biochemical or genetic material, especially that originating in developing countries, without fair compensation to the indigenous people or nations.