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The Hochwalds purchase a home in 2010 for $150,000. They had no down payment. They chose to finance the loan for 30 years at 5.2%.

The Hochwalds purchase a home in 2010 for $150,000. They had no down payment. They chose to finance the loan for 30 years at 5.2%. How much equity would the Hochwalds have after 10 years. Round your answer to the nearest hundred dollars.

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