The percentage of appraised value and the potential credit when appraised value is $ 81200, lender’s percentage is 70 % and balance of first mortgage is $ 36000 .

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Chapter 14, Problem 8AT

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To calculate: The percentage of appraised value and the potential credit when appraised value is $ 81200, lender’s percentage is 70 % and balance of first mortgage is $36000 .

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