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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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