jajajabla13
jajajabla13 jajajabla13
  • 20-06-2017
  • Mathematics
contestada

Theresa owes $9,000 on her car loan. If the value of her car is $15,000, what is her equity in the car?

PERSONAL FINANCE

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 20-06-2017
Hi there

Since Theresa owes $9,000 this amount enters in liability

the value of her car which is 15000
This amount enters in assets

So to find the equity in the car
Owners equity=assets-liability
Owners equity=15000-9000=6000

6000 is the equity in the car

Good luck!
Answer Link
53844
53844 53844
  • 10-09-2020

Answer:

6000

* I took the test and the answer was 6000 :)

Answer Link

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