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Say that you purchase a house for $150,000 by getting a mortgage for $135,000 and paying a $15,000 down payment. Assume you get a 15-year mortgage with a 6% interest rate. If the house appreciates at a 2% rate per year, what will be the value of the house in 7 years? How much of this value is equity?
Customized Products
Goods that are modified or built according to the specific requirements or preferences of a customer.
Global Branding
A marketing approach where promotion, product, and price are standardized globally.
Marketing Approach
A strategy businesses use to identify and meet the needs of their customers through various activities like advertising, selling, and delivering products.
Product Expectations
Consumer anticipations or beliefs about the performance and quality of a product or service before purchase.
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