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Study with Quizlet and memorize flashcards containing terms like Experts suggest that the debt payments-to-income ratio should be a maximum of, A few years ago, Simon Powell purchased a home for $170,000. Today, the home is worth $290,000. His remaining mortgage balance is $120,000. Assuming that Simon can borrow up to 65 percent of the market value, what is the maximum amount he can currently ...
