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Author Question: If Adam's house was purchased for $280 000 five years ago and is worth now, and his mortgage was $ ... (Read 143 times)

appyboo

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If Adam's house was purchased for $280 000 five years ago and is worth now, and his mortgage was $ and amortized over 25 years, at four percent interest, compounded semi-annually, what is his equity in his house now? (To the nearest $1000)
$85 000
$72 000
$101 000
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Marked as best answer by appyboo on Nov 11, 2019

xoxo123

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appyboo

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Reply 2 on: Nov 11, 2019
YES! Correct, THANKS for helping me on my review


sarah_brady415

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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