Suppose that 3 years ago you bought a house for 235000 and, Financial Management

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Suppose that 3 years ago you bought a house for 235000 and

Suppose that 3 years ago you bought a house for $235,000 and paid 11% as down payment. To finance the rest, you took a bank loan that today has an outstanding balance of $230,000 that may be liquidated in full. The current appraisal of your house is $250,000. What is your equity on the house?

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Financial Management: Suppose that 3 years ago you bought a house for 235000 and

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Financial Management: Suppose that 3 years ago you bought a house for 235000 and

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