A person's equity in their own home valued 10-years after initial purchase:
A) is the difference between the current market value of the home and their initial purchase price.
B) is the difference between the current market value of the home and the amount initially borrowed on a principal and interest home loan.
C) will rise with principal loan repayments on borrowings assuming housing prices at least remain constant.
D) will decrease with principal loan repayments on borrowings assuming housing prices at least remain constant.
Correct Answer:
Verified
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A) provide opportunities for capital growth
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A) are declared
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