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On May 1, 2014, Namika Ozz invests $100,000 of their own money in a new venture. To further help finance the venture, Namika Ozz borrows
On May 1, 2014, Namika Ozz invests $100,000 of their own money in a new venture. To further help finance the venture, Namika Ozz borrows $150,000 from a bank. The loan term is ten years, at which point the venture must repay the loan in full. Three years after starting the venture, the venture's assets are valued at $210,000. What is Namika Ozz's equity stake worth on this date?
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