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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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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?

User Mike Muller
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1 Answer

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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.
User Ggnoredo
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