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Jay purchased a new home for $100,000. He put down and financed the $80,000 balance. What is the impact of this transaction on his net

Jay purchased a new home for $100,000. He put down and financed the $80,000 balance. What is the impact of this transaction on his net worth?

(A) His net worth increases

(B) His net worth decreases

(D) The net worth will decrease with each mortgage payment made

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