Mr. and Mrs. Hooper summarized their family finances in the list below. A house valued at $94,000 with a mortgage balance of $68,000 Cars worth $45,000 with $18,000 in outstanding auto loans • A $25,000 retirement account Household furnishings valued at $5,000 Savings of $400 in cash A $2,250 student loan debt • A total of $7,500 in credit card debt Which financial assets and liabilities record below correctly reflects the Hooper family's finances?

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Mr. and Mrs. Hooper summarized their family finances in the list below.
A house valued at $94,000 with a mortgage balance of $68,000
Cars worth $45,000 with $18,000 in outstanding auto loans
A $25,000 retirement account
Household furnishings valued at $5,000
Savings of $400 in cash
A $2,250 student loan debt
• A total of $7,500 in credit card debt
Which financial assets and liabilities record below correctly reflects the Hooper
family's finances?
Transcribed Image Text:Mr. and Mrs. Hooper summarized their family finances in the list below. A house valued at $94,000 with a mortgage balance of $68,000 Cars worth $45,000 with $18,000 in outstanding auto loans A $25,000 retirement account Household furnishings valued at $5,000 Savings of $400 in cash A $2,250 student loan debt • A total of $7,500 in credit card debt Which financial assets and liabilities record below correctly reflects the Hooper family's finances?
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