Connect with a knowledgeable community and get your questions answered on IDNLearn.com. Our experts are available to provide in-depth and trustworthy answers to any questions you may have.

You have a car that is valued at $12,000. The balance that you owe on the car loan is $7,000. You lose your job and can not afford to make payments on your loan so you sell the car for $9,000 and pay off the loan. Explain how your net worth is affected by your actions.