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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

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Answer:

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So option (d) will be correct option

Explanation:

We have given number of units produced = 20 units

Price of per unit = $10 per unit

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Revenue :20 units * $10 = 200

Fixed cost is given $100

Variable cost: 20 units ×$3 = 60

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So economic profit = Revenue - Total cost = 200 - 160 = $40

So option (d) will be correct answer

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Answer:

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