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Jim and Diana purchased a home for Jim and Diana purchased a home for $180,000 seven years ago with a 6.5%, 30 year $160,000 mortgage.

Jim and Diana purchased a home for
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Jim and Diana purchased a home for $180,000 seven years ago with a 6.5%, 30 year $160,000 mortgage. Their home now has a market value of $630,000 and they owe $120,000 on the mortgage. What is their equity in their home. $ current value rather than historic cost. Use no dollar signs, commas or decimal points (Use

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