Evelynn has a home that was recently appraised for $127,000, and the balance on the existing mortgage is $88,350. If a bank is willing to loan up to 75% of the appraised value, calculate the potential amount of credit available on a home equity loan.

$6,900

Step-by-step explanation:

To calculate the potential amount of credit available on the home equity loan, first you have to calculate 75% of the appraised value:

$127,000*75%= $95,250

Then, as Evelynn has an existing mortgage, you have to subtract this amount from $95,250:

$95,250-$88,350= $6,900

According to this, the answer is that the potential amount of credit available on a home equity loan is $6,900.

5/12, or 5: 12

step-by-step explanation:

$25

step-by-step explanation:

25 - 4.50 = 20.5

20.5 / 2 = 10.25

10.25 + 10 = 20.25

20.25 - 12.50 = 7.75

therefore the answer is $25 as shown as the first number.