Answer:
$280,000
Explanation:
Based on the information provided within the question it can be said that the total value of the property is that of $280,000. This can be calculated the following way. Since two years' interest payments equal $42,000, then that means that one year equals $21,000. Since that is a 10% we divide the yearly payment by 0.10 (10%) which gives us the principal balance of $210,000.
Finally we divide $210,000 by 0.75 (which is 75% of the home value) which gives us the total value of $280,000
