Answer:
$61,900
Step-by-step explanation:
Add all the assets: 90000 + 12500 + 20200 = 122700
Add all the liabilities: 53000 + 5800 + 2000 = 60800
Total assets - liabilities: 122700 - 60800 = $61900
Fred's total net worth is $61,900
For net worth, add assets together and then subtract the liabilities from the total:
90,000 + 12,500 + 20,200
122,700 - (53,000 + 5,800 + 2,000)
61,900
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