Brian has grown tired of paying rent each month to his landlord and has decided to purchase a condo. Brian has been saving money and has $ 40.00 $40.00 that he will use as a down payment on this condo. He will take out a mortgage to pay the remaining price. Brian finds a suitable condo and negotiates a price of $ 250.00.
Upon moving in, how much equity does brian have in this condo?
a. 51025
b. 350463
c. 299438
d. 0
What is Brian's leverage ratio associated with this condo when he moves in?
a. 299438
b. 5.868457
c. 0.1704026
d. 0.1455931
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