If your net worth is 50,000 and you pay off your student loan from your savings account how will your net worth statement be affected?

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asked Apr 24, 2022 173k views

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Ggnoredo · Answer 1 · 2022-04-29T03:06:11+0000

You net worth will decrease because you’re paying a loan from the money that you have. While your net worth decreases your liabilities will decrease because you will no longer have a loan to pay for.

If your net worth is 50,000 and you pay off your student loan from your savings account how will your net worth statement be affected?

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