Question
Levi and Beverly paid 20% down on a house valued at $165,000 in 1999. Their mortgage payments were only applied to interest on the mortgage
Levi and Beverly paid 20% down on a house valued at $165,000 in 1999. Their mortgage payments were only applied to interest on the mortgage balance. If they have to sell their home in 2016 for $148,000, what would be the value of their equity?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
