Your car has a market value of $4,000,while the balance of the loan against it is now $2,500.Your ownership interest in the car is ____________.
A)$2,500
B)$4,000
C)$6,500
D)$1,500

Name: Your car has a market value of $4,000,while the balance of the loan against it is now $2,500.Your ownership interest in the car is ____________. A)$2,500 B)$4,000 C)$6,500 D)$1,500
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Question

Your car has a market value of $4,000,while the balance of the loan against it is now $2,500.Your ownership interest in the car is ____________. ​
A)$2,500
B)$4,000
C)$6,500
D)$1,500

Quizplus · Accepted Answer

Your ownership interest in the car is the market value minus the loan balance, which is $4,000 - $2,500 = $1,500.

Your Car Has a Market Value of $4,000,while the Balance