Web a few years ago, michael purchased a home for $270, 000.

A few years ago michael purchased a home for $200 000. Web a few years ago, michael purchased a home for $ 200, 000 \$ 200,000 $200, 000. Today, the home is worth $150,000. Today the home is worth $206,000.

Web calculating the amount for a home equity loan. A few years ago, michael tucker purchased a home for $100,000. Today the home is worth $150,000.

Today, the home is worth $420, 000. Today the home is worth $520,000. Web study with quizlet and memorize flashcards containing terms like a few years ago, michael purchased a home for $314,000.

His remaining mortgage balance is $. His remaining mortgage balance is $136, 000. Today, the home is worth $300,000.

Web market value of home =$302,000 michael can borrow = $302,000*80%. His remaining mortgage balance is $56,000. (c) a few years ago, michael purchased a home for $200,000.

A few years ago, michael purchased a home for $328,000. Today the home is worth $ 300 , 000 \$ 300,000 $300 , 000. His remaining mortgage balance is $76, 000.