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Answer:
$60,410
Explanation:
The computation of the maximum borrowing amount is shown below:
= Home worth for today × borrowing percentage - remaining mortgage balance
= $164,000 × 68% - $51,000
= $111,520 - $51,000
= $60,410
We simply take the difference between the borrowing amount and the remaining mortgage balance in order to find out the maximum borrowing amount
A fixed cost is an ammount that is set for something a variable cost is a price that can change hope this helps
Answer:
C) increase their savings
Explanation:
Saving is the act of setting aside a portion of one's income in a secure location rather than spending it. It's a method that businesses and individuals utilize to meet their financial goals. Saving consistently throughout time helps to acquire a significant sum of money that can be used to achieve financial goals. While saving is not the primary financial goal, it is a means to that end. If one's objective is to acquire a home or a car, for example, they begin saving for the down payment. Saving aids them in achieving their long-term objectives.