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a couple wishes to borrow money using equity in their home for collateral. a loan...

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Finance

a couple wishes to borrow money using equity in their home for collateral. a loan company will loan rhem up to 70% of their equity. they purchased their home 11 years ago for $76,061. the home was financed by paying 20% down and signing a 30-year mortgage at 9% on unpaid balance. equal monthly payments were made to amortize the loan over the 30-year period. the net market value of the house is now $100,000. after making their 132nd payment, they applied to the loan company for rhe maxium loan. how much ( to the nearest dollar) will they recieve?
Amount of loan: $

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