Question: Using $ 2 0 , 0 0 0 in cash and a new loan of $ 8 0 , 0 0 0 to purchase land

Using $20,000 in cash and a new loan of $80,000 to purchase land for $100,000 will
cause equity to
increase by $100,000.
increase by $20,000.
increase by $80,000.
not change.
Using $20,000 in cash and a new loan of $80,000 to

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