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If you own property that is worth 200000 but you owe the bank 13000 how much equity do you have in the property?

To calculate your equity in the property, subtract the amount you owe the bank from the property's value. In this case, you would take $200,000 (property value) minus $13,000 (amount owed) which equals $187,000. Therefore, you have $187,000 in equity in the property.


What is a stock's par value?

A stock's par value is the monetary amount assigned to the share of stock.


What is equities?

securities that are made of different stocks


Which term is defined as the value of the home minus the loan?

The total value of the house minus the outstanding amount of the loan is referred to as "home equity".


Is my house considered an asset even if I have a mortgage on it?

Yes, your house is considered an asset even if you have a mortgage on it. The value of the house minus the amount owed on the mortgage is the equity you have in the property, which is an asset.


How does a secured loan differ from an unsecured loan?

A secured loan is a loan that some monetary interest (money or property of value) attached to the loan to insure its repayment. If the loan is not repaid, the monetary interest becomes the property of the loaning party. A unsecured loan does not have a monetary interest attachment.


Value property from income basis?

Your basis is the amount of your investment in property for tax purposes.


What is the definition of book value as applied to accounting?

carrying amount (original value of the asset minus accumulated depreciation)


18xgp worth in money?

To determine the monetary value of 18xgp, you first need to know the value of 1xgp in your specific context, as "xgp" is not a standard currency unit. If xgp represents a specific amount, for example, if 1xgp equals $1, then 18xgp would be worth $18. If it represents a different value, simply multiply that value by 18 to obtain the equivalent monetary amount.


When governments calculate the value of real property it is called?

When governments calculate the value of real property, it is known as assessment. That assessment is utilize to calculate the taxable amount on a particular property.


What is the adjective of money?

monetary The necklace has no monetary value.


What are the similarities between property tax and income tax?

both based of amount of the value . the higher income and property value determines tax rate