Answer:
he first one and the third one
Step-by-step explanation:
Answer:
$199,142
Step-by-step explanation:
Given that
The value of the house i.e. assets is $432,600
The mortgage i.e. liability is $233,458
We need to find out the equity
As we know that
The accounting equation is
Total assets = Total liabilities + total equity
$432,600 = $233,458 + total equity
So, the total equity is
= $432,600 - $233,458
= $199,142
It is in all 0.0098934551 in all in total
It can be 8:12 or as a fraction it’s 8/12
