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A new homeowner may put 25% down and borrow 75% of the value of the new home. If the house initially costs $700,000. What is
A new homeowner may put 25% down and borrow 75% of the value of the new home. If the house initially costs $700,000.
What is the equity?
If the price of the house rises by 10 percent. What is the equity? How much is the gain for this investment?
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