Question

Which of the following modifications to the list of assets and liabilities below would result in a positive net worth?

Home owned $105,000.
Mortgage owed $100,000.
Car valued at $26,000.
Car loan of $22,000.
Investment fund of $4,500.
Savings of $1,500.
Credit card balance of $15,000.
a.
Lowering mortgage by $1,000.
b.
Increasing investment fund by $500.
c.
Adding $100 to savings.
d.
All of the above.

Answer 1

the assets and liabilities are even right now, so a net worth of zero.

so, D. all of the above