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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 97 times)

appyboo

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on: Nov 11, 2019
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
◦ Not enough information given to answer this.
Personal Finance ¦ Madura, Gill ¦ 3rd Edition
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Marked as best answer by appyboo on Nov 11, 2019

xoxo123

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Reply #1 on: Nov 11, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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appyboo

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Reply 2 on: Nov 11, 2019
Great answer, keep it coming :)

phuda

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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