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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?

Sagot :

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Step-by-step explanation:

11500-98000 = 17000

11000-5200 = 5800

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

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.

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