Calculate the debt limit for the mitchell family if their, Ask an Expert

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Calculate the debt limit for the Mitchell family if their financial statement reads as follows:

total assets, including their home value of $380,000: $478,700

short-term liabilities: $6,700

long-term liabilities, including a mortgage balance of $298,000: $320,000

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92042106

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