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Theresa owes %249%2C000 on her car loan. If the value of her car is %2415%2C000%2C what is her equity in the car%3F
Please find the complete question in the attached file.
We take her automobile value [tex](\$15,000)[/tex] to reach this result and reduce it [tex](\$15,000 - \$9,000)[/tex]. That's a [tex]\$6,000[/tex] equity, that's why Theresa has a capital of[tex]\$6,000[/tex].
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