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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Definitions:

Sex

A biological characteristic defining male and female organisms based on reproductive anatomy and function.

Ultrasound

A diagnostic imaging technique that uses high-frequency sound waves to create images of structures within the body, commonly used for viewing fetuses during pregnancy.

Chromosomes

Threadlike structures made of DNA molecules that contain the genes.

Sex

Refers to the biological differences between males and females, including chromosomes, bodily organs, and reproductive structures.