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Jobisdone [24]
3 years ago
12

Martha and Gordon purchased a home for $175,000 six years ago with a 5.5 percent, 30-year $140,000 mortgage. Their home now has

a market value of $210,000 and they owe $134,000 on the mortgage. What is the equity in their home? A. $76,000 B. $70,000 C. $45,000 D. $41,000
Business
1 answer:
aliya0001 [1]3 years ago
4 0

Answer:

The correct answer is A that is $76,000

Explanation:

Home equity is the market value of a home owner un-mortgaged interest in the real property, which is the difference among the home's fair market value and the outstanding balance of all liens on the property.

So, it is computed as:

Home Equity = Market value - Outstanding balance

= $210,000 - $134,000

= $76,000

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Which of the following is not a key success factor in the country locationâ decision?
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The Morrit Corporation has $1,080,000 of debt outstanding, and it pays an interest rate of 11% annually. Morrit's annual sales a
alukav5142 [94]

Answer:

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Alvin Hughes has selected a selling technique in which he has more control over the amount of the conversation between buyer and
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Answer:

The sales presentation technique which Hughes is using is Memorized.

Explanation:

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