In simple terms, the word "mortgage" is an account payable in which your house is the collateral. The asset acquired for the house is $315,000 but this value should be subtracted with the mortgage amount, $285,000 to calculate for the equity.
equity = $315,000 - $285,000
= $30,000
Thus, the home equity Julie has is only $30,000.
The correct answer is B to the question
Answer:
I'm not completely sure, but try the Premack principle one. If that's not it, I'm sorry.
Explanation:
Life As u progress through it