1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Romashka [77]
3 years ago
8

If you buy a home that costs $100,000, it is currently worth $200,000, and you still owe $50,000 on it, how much equity do you h

ave in the home?
Business
1 answer:
givi [52]3 years ago
6 0

Answer:

$150,000.00

Explanation:

Home equity describes the difference between the appraised value of a home and the outstanding mortgage amount. In other words, home equity equals to estimated current value minus mortgage balance.

In the cases:  Current value $ 200,000

Mortgage balance : $50,000

home equity : =$200,000-$50,000

                        =$150,000.00

You might be interested in
Regular moderate exercise correlates with increased health, both physical and mental. Exercise friendly communities have LOWER r
nordsb [41]

Answer:

Obesity

Explanation:

7 0
2 years ago
Hilliard Pharmaceuticals and Ahrens Vitamins, Inc., have high market commonality, both geographically and in the market segments
Mama L [17]

Answer: C. Ahrens will respond aggressively because of the high multimarket contact between Hilliard and Ahrens.

Explanation:

Ahrens will respond aggressively because of the high multimarket contact between Hilliard and Ahrens.

Ahrens Vitamins and Hilliard Pharmaceuticals have high Market commonality. They operate in the same geographical area and their target market is the same, meaning an increase in Profits for Hilliard Pharmaceuticals is a decrease in profits for Ahrens Vitamins, an attack from Hilliard will ave severe consequences for Ahrens Pharmaceuticals as they compete for the same target market.

Ahrens Vitamins will have to respond aggressively to attacks from Hilliard Pharmaceuticals in order to maintain their position in the market  

6 0
3 years ago
​enrique borrowed $3600 to put a down payment on a motorcycle. the loan had a simple interest rate of 8% for 2 years. use the fo
Rudik [331]

Answer:

The amount of interest is $576.

Step by step explanation :

Given : ​Enrique borrowed $3600 to put a down payment on a motorcycle. The loan had a simple interest rate of 8% for 2 years.

To find : The amount of interest he will pay on the loan.

Solution : Using the formula,

I=P\times R\times T

Where, I= Interest , P=principal , R= rate, T=time in years

We have given that :

P=$3600

R=8%=0.08

T=2 years

Substitute value in the formula to find interest,

I=P\times R\times T

I=3600\times 0.08\times 2

I=576

Therefore, The amount of interest is $576.

6 0
3 years ago
The process of leaving your money and any accumulated interest in an investment for more than one period, thereby reinvesting th
atroni [7]

Compounding is the process of  leaving your money and any accumulated interest in an investment for more than one period, thereby reinvesting the interest.

<h3>What is compounding?</h3>

This can be explained to be a situation where the interest that is made from a sum of money is added into the principal sum of money and reinvested.

The initial principal amount and the interest made after a period when added together is regarded as compounding.

Read more on compounding here:

brainly.com/question/24924853

8 0
2 years ago
Use the information below for Harding Company to answer the question that follow. Harding Company Accounts payable $28,638 Accou
inn [45]

Answer:

$119,159

Explanation:

The computation of the quick asset is shown below:

Quick assets = Cash + Marketable securities  + Accounts receivable

                     = $18,105 + $36,753 + $64,301

                     = $119,159

Only these items i.e cash, marketable securities and the account receivable are shown in the quick assets

4 0
3 years ago
Other questions:
  • Feiler Corporation has total current assets of $493,000, total current liabilities of $357,000, total stockholders' equity of $1
    15·1 answer
  • Northern Trail Outfitters (NTO) has created a new onboarding series for customers who have purchased its fitness tracker. Custom
    7·1 answer
  • g "1. How would each of the following events change the equilibrium financial market value of a company? (a)an increase in its c
    14·1 answer
  • Use the data (In $Millions) below from the latest Integrated Program Management Report (IPMR) from your contractor: BCWS BCWP AC
    8·1 answer
  • Consumers have broad but somewhat vague stereotypes about specific countries and specific product categories that they judge "be
    10·1 answer
  • Explain the following definition of marketing ethics
    14·1 answer
  • Explain how<br> Globalization<br>can impact a labor market.​
    14·1 answer
  • Scientific knowledge is ______(a)________ and subject to change based on new______(b)_______ or discoveries
    8·1 answer
  • An oil cartel effectively increases the price of oil by 100% causing a shock in oil consuming countries A and B. The FED in coun
    11·1 answer
  • A journal entry that debits manufacturing overhead and credits property taxes payable records the ______.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!