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ra1l [238]
3 years ago
6

A few years ago, Michael Tucker purchased a home for $182,000. Today the home is worth $230,000. His remaining mortgage balance

is $17,000. Assuming Michael can borrow up to 80 percent of the market value of his home, what is the maximum amount he can borrow?
Business
1 answer:
kolbaska11 [484]3 years ago
3 0
Can you tell us the answer choices please
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What-if analysis works forward from known or assumed conditions?
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Suppose you have three choices as to what to do for two hours on Sunday afternoon: work around the house, earning $3.50 an hour;
kobusy [5.1K]

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the opportunity cost is in the case when you choose to go to the movies is $20

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5 0
2 years ago
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galina1969 [7]
Piece of cheese bread
6 0
3 years ago
The following amounts were taken from the financial statements of Ando Company: 2017 2016 Total assets $800,000 $1,000,000 Net s
aleksandr82 [10.1K]

Answer:

35 times

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The price-earnings ratio is the financial ratio that compares the market price of a share with its earnings in order to determine whether the share gives earnings that makes it a good buy.

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price earnings ratio=$42/$1.2=35 times

6 0
3 years ago
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