Real Estate Math
An Indiana investor's property has a market value of $950,000 and debt of $570,000. What is the equity-to-value ratio?
A40%✓ Correct
B50%
C60%
D70%
Explanation
Equity = $950,000 − $570,000 = $380,000. Equity-to-value ratio = $380,000 ÷ $950,000 = 40%. Using the values given ($950,000, $570,000), apply the appropriate formula.. The correct answer is 40%.. This is a common calculation on the Indiana real estate exam.
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