Final answer:
Sid's net worth after the transactions is $209,000.
Step-by-step explanation:
To calculate Sid's net worth, we need to track the changes in his assets and liabilities. Let's start with his initial net worth of $200,000.
First, Sid took out a $24,000 loan for his European vacation. This increases his liabilities by $24,000.
Next, he paid off his student loan of $8,000 using funds from his money market deposit account. This decreases his liabilities by $8,000.
Then, he purchased an antique car valued at $18,000 for $15,000 with checking account funds. This decreases his assets by $15,000.
To calculate Sid's net worth after these transactions, we subtract the increase in liabilities ($24,000) and the decrease in assets ($15,000) from his initial net worth:
Net worth = Initial net worth + Increase in liabilities - Decrease in assets
Net worth = $200,000 + $24,000 - $15,000 = $209,000
Therefore, Sid's net worth after these transactions is $209,000.