Mathematics, 27.10.2020 21:30 postorivofarms

Denise buys a $100,000 condo using a $20,000 down payment on a 30-year fixed-rate loan.
After 5 years of payments, she's made
approximately $24,000 in payments and still
owes approximately $75,000. How much
equity does Denise have in her house? *

Answers: 2

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Denise buys a $100,000 condo using a $20,000 down payment on a 30-year fixed-rate loan.
After...

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Denise buys a $100,000 condo using a $20,000 down payment on a 30-year fixed-rate loan. After 5 years of payments, she's made approximately $24,000 in payments and still owes approximately $75,000. How much equity does Denise have in her house? *

Answers

Another question on Mathematics

Denise buys a $100,000 condo using a $20,000 down payment on a 30-year fixed-rate loan.
After 5 years of payments, she's made
approximately $24,000 in payments and still
owes approximately $75,000. How much
equity does Denise have in her house? *