Real Estate Math
A Wisconsin home's mortgage balance is $210,000. The home is worth $280,000. What is the homeowner's equity percentage?
A20%
B25%✓ Correct
C30%
D35%
Explanation
Equity = $280,000 - $210,000 = $70,000. Equity % = $70,000 / $280,000 = 25%.
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