Answer :
Final answer:
Equity in housing is determined by subtracting the amount owed to the bank from the market value of the property.
Explanation:
Equity in the context of a house is calculated as the market value of the house minus what is still owed to the bank. For example, if the value of a house is [tex]$200,000 and $[/tex]180,000 is still owed to the bank, the equity would be $20,000.
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