A person has the following items on their balance sheet: • Student loan $10,000 • Car $8,000 • Stocks $10,000 • Checking deposits $6,000 • Credit card debt $2,000 Savings deposits $15,000 • Cash $500 What is the value of this person's wealth? Enter a whole number. 27500

A person has the following items on their balance sheet: • Student loan $10,000 • Car $8,000 • Stocks $10,000 • Checking deposits $6,000 • Credit card debt $2,000 Savings deposits $15,000 • Cash $500 What is the value of this person's wealth? Enter a whole number. 27500

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter6: Saving And Investing

Section6.1: Why Save?

Problem 1R

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Question

A person has the following items on their balance sheet:
• Student loan $10,000
• Car $8,000
• Stocks $10,000
• Checking deposits $6,000
• Credit card debt $2,000
• Savings deposits $15,000
• Cash $500
What is the value of this person's wealth? Enter a whole number.
27500

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