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25-12-2023
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The James family purchased a home for $180,000 5 years ago and obtained an 80% LTV loan. Now the property has appreciated 25%. In addition, the loan has been paid down $11,000. What is the James' current equity in the home?

A) $47,000.
B) $81,000.
C) $45,000.
D) $92,000.

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