Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Give typing answer otherwise I'll give you downward
Transcribed Image Text:Given the following, what is the individual's net worth?
Bank Account
Student loan
$2,500
Monthly gross income
$3,200
Annual car payments
$3,600
Jewellery
$5,000
CSV (whole life)
$1,500
Annual medical expenses $500
a.$11,410
b.$6,810
c.$10,810
d.$6,500
e.$10,910
$7,500
$10,250
Unpaid vet bills
$600
Car loan
$4,900
Car (resale value) $2,500
GICs
$2,060
RRSP
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