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GA-GSE Personal Finance and Economics
Understanding Net Worth
Question 3
3
Assignment
Multiple Select
Understanding Net Worth
Question 3 • GA-GSE Personal Finance and Economics
Check all that you included in your response.
Answer
A
No, she is not correct.
B
She has $30,000 in home equity.
C
Equity is the value of ownership in an asset minus any debts owed on it.
D
$315,000 – $285,000 = $30,000
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