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Theresa owes %249%2C000 on her car loan. If the value of her car is %2415%2C000%2C what is her equity in the car%3F
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Theresa owes %249%2C000 on her car loan. If the value of her car is %2415%2C000%2C what is her equity in the car%3F

User Lindauson
by
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1 Answer

4 votes

Answer:

The answer is "
\$6,000".

Step-by-step explanation:

Please find the complete question in the attached file.

We take her automobile value
(\$15,000) to reach this result and reduce it
(\$15,000 - \$9,000). That's a
\$6,000 equity, that's why Theresa has a capital of
\$6,000.

Theresa owes %249%2C000 on her car loan. If the value of her car is %2415%2C000%2C-example-1
User Xys
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