Acme Home Lending Offers Home Equity Loans Up to 80

question 2

Multiple Choice

Acme Home Lending offers home equity loans up to 80% of the home value for its customers. If Sally Johnson has a home valued at $200,000 and a current mortgage of $50,000, how much can she borrow in a home equity loan from Acme?

• A) $50,000
• B) $80,000
• C) $110,000
• D) $150,000
• E) $160,000

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