1. The equity in real estate investment refers to: a) the price at which the lender's and borrowers values are balanced b) the borrowers or owners share of the property value. c) the legal fairness between buyer and seller
2. For a loan of $100,000, at a 4 percent annual interest for 30 years, find the balance at the end of 4 years and 15 years assuming monthly payments.
3. Consider a 20-year loan with a monthly payment of $1897.95 and an annual interest rate of 4.5 percent, What was the original loan size?