Question

Abby lives in a home worth $115,000. She has a mortgage of $98,000. She owes $5,200 on her

car that is worth $11,000. She has a credit card balance of $2,300. She also has a checking
account with a balance of $900 and $300 in gift cards. What is Abby's net worth?

Answer 1

Answer: Abby's net worth would be around $21,400. $127,000 in assets, and around 105,000 in liabilities.

Step-by-step explanation: With the given information I added up the total and got around 127,000 in assets and 105,000 in liabilities, and when subtracted you will get Abby's net worth (answer), 21,400.

Hope This Helped, Have Great Day!

Answer 2

Explanation:

11500-98000 = 17000

11000-5200 = 5800

17000+5800 - 2300 + 900 + 300 = $21700