Multiple ChoicePlease read the following scenario and choose…

Multiple ChoicePlease read the following scenario and choose the best possible answer selection regarding the question below.  Bob and Sally Jones own a home that is worth $200,000.  They purchased the home five years ago and made consistent monthly payments on the mortgage until Bob was laid off by his employer.  Bob and Sally requested a “pay off” amount on their loan to see how much they still owed.  There is a current loan balance of $192,000 owed to the mortgage company.   The amount of equity that Bob and Sally have built up is: