Question

Asked Dec 6, 2019

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Ted owns a car worth $40,000. Owns home worth $275,000, Checking acct with $800, Saving Acct with $1,900, mutual fund worth $110,000. Personal assets worth $90,000. He still owes $25,000 on his car and $150,000 on his home, and has balance on credit card of $1,600. What's Ted net worth?

Step 1

**Compute the net worth:**

The net worth is **$341,100.**

**Excel spread s...**

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