Question: Question 4 5 points Saved When Jonathan purchased his first home, he made a down payment of 20% on purchase price of $500,000. Since then,

Question 4 5 points Saved When Jonathan purchased his first home,

Question 4 5 points Saved When Jonathan purchased his first home, he made a down payment of 20% on purchase price of $500,000. Since then, the value of the property has risen 30% and his mortgage balance decreased by $11,000. How much equity does Jonathan has in his home? $111,000 a. b. $261,000 $100,000 C. d. $150,000

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