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A house was purchased for $400,000 and has a market value of $440,000 and a mortgage of $302,000. What is the equity in this house?

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A house was purchased for $400,000 and has a market value of $440,000 and a mortgage of $302,000. What is the equity in this house? O A $98,000 OB. $138,000 OC. 31.4% D. $40,000

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