When Homeowner Harry's sold his residence recently, he found that he had more than $20,000 in equity. This equity did NOT come from

A) the use of an interest-only mortgage payment plan.
B) the principal portion of his PITI monthly mortgage payments.
C) increases in market value of his house due to appreciation and inflation.
D) his down payment.


Answer: A) the use of an interest-only mortgage payment plan.

Economics

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