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A family owns a home (asset), which is valued at $500,000. The family has a mortgage (liability) of $400,000 on this home. There are no

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A family owns a home (asset), which is valued at $500,000. The family has a mortgage (liability) of $400,000 on this home. There are no other liabilities. In which of the following ranges dos the family's owner's equity in that home lie? Less than $100,000 $100,000$199,999 $200,000$299,000 $300,000$399,000 $400,000 or more

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