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How much equity do have in home

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Question 1 : This year, you check your loan balance. Only part of your payments have been going to pay down the loan; the rest has been going towards interest. You see that you still have $88,536 left to pay on your loan. Your house is now valued at $150,000. How much equity do you have in your home (equity is value minus remaining debt)

Reference no: EM132519183

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