What is home equity?
-the closing costs associated with buying or renting a home
-the difference between a home’s market value and the homeowner’s outstanding loan amount
-the potential rental income that a homeowner can get from the house
-the difference between the purchase price of the home and its current market price

The answer is the second one. Home value is the market estimation of a mortgage holder's unrestricted enthusiasm for their genuine property—that is, the distinction of the home's honest esteem and the extraordinary adjust of all liens on the property.

Horizontal asymptote at  tells us that the original graph has been translated down.since  ,  are positive.  also we can say that the point  has a smaller  -coordinate than  .this means that the  transformed exponential function is increasing as it goes to the right. as it goes from  to , the value of the exponential function increases. it goes from to something bigger, . therefore, as  . the left hand would be the side that approaches the horizontal asymptote.so the answer is d