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
Answer:
0.000000001
Hope This Helps! Have A Nice Day!!
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