"Frank bought a house for $100,000. He put 20% down and borrowed the rest from the bank. However, the value of the house has now increased to $160,000 and he has paid off $20,000 of the bank loan. What is the equity that Frank has in his home

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Q: efer to Table 9.2. At an output level of $1,500, disposable come is $300. 2 $600. 3 $900. 4 $1,200.

A:

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Q: ce of En

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A: Option A is correct.

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