Guardian Bank will lend no more than 95 percent of the appraised value of a house to a prospective buyer. The house Yoko and Akira wish to purchase has been appraised at $110,000. What is the maximum amount that Guardian Bank would be willing to lend them?

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The Answer of Guardian Bank will lend no more than 95 percent of the appraised value of a house to a prospective buyer. The house Yoko and Akira wish to purchase has been appraised at $110,000. What is the maximum amount that Guardian Bank would be willing to lend them?

Guardian Bank Will Lend No More Than 95 Percent of the Appraised