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Harper's car is valued at $23,000, and she owes $21,000 on it. What is her current equity?

a. $22,000

b. $2,000

c. $1,090

d. $24,000

1 Answer

5 votes

Final answer:

Harper's car equity is $2,000.

Step-by-step explanation:

To calculate Harper's current equity, we subtract the amount she owes on the car from its value. Her car is valued at $23,000 and she owes $21,000 on it. So, her current equity is $23,000 - $21,000 = $2,000.

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