Nancy Buys a $150,000 Home Using $30,000 of Her Own

question 7

Multiple Choice

Nancy buys a $150,000 home using $30,000 of her own money and gets a mortgage for the remaining $120,000.If the price of the house increases 5%,what will Nancy's capital gain be?

• A) $30,000
• B) $31,500
• C) $35,000
• D) $37,500
• E) $45,550

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Definitions:

Eyes Turn Inward

Refers to a condition where the eyes are oriented towards the nose, often indicating convergence or a focusing mechanism.

Eyelid

A movable tissue, consisting of skin and muscles, that covers and protects the eye.

Ciliary Body

A structure in the eye that includes the ciliary muscle, which controls the shape of the lens, and the ciliary processes that produce the aqueous humor.

Iris

The colored part of the eye surrounding the pupil, responsible for controlling the diameter and size of the pupil.