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Posted by John Behle on August 06, 2002 at 15:51:29:

In Reply to: How to Calculate the equity in the note? posted by KyleC on August 05, 2002 at 18:42:40:

The equity as Paul pointed out is your interest. I just want to clarify further as I use the term.

If I buy the 25k note with 20k cash, then my equity is actually 25k. If I have borrowed the 20k from an institution or private investor, then my equity is the difference between the asset (25k) and the liability (20k) for an equity of 5k.

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