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Mumz [18]
3 years ago
15

Theresa owes $9,000 on her car loan. If the value of her car is $15,000, what is her equity in the car?

Business
1 answer:
pentagon [3]3 years ago
7 0

Answer:

Theresa has $6,000 in equity.

Explanation:

To get this answer, you take the value of her car ($15,000) and subtract the amount that she owes from it ($15,000-$9,000). This gives you $6,000.

Hope this helps!

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