Ted owns a Lexus worth $49,800. He owns a home worth $297,000. He has a checking account with $880 in it and a savings account with $1,810 in it. He has a mutual fund worth $92,160. His personal assets are worth $87,870. He still owes $29,690 on his car and $139,270 on his home, and he has a balance on his credit card of $1,480. What is Ted’s net worth?
Ted owns a Lexus worth $49,800. He owns a home worth $297,000. He has a checking account with $880 in it and a savings account with $1,810 in it. He has a mutual fund worth $92,160. His personal assets are worth $87,870. He still owes $29,690 on his car and $139,270 on his home, and he has a balance on his credit card of $1,480. What is Ted’s net worth?
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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Ted owns a Lexus worth $49,800. He owns a home worth $297,000. He has a checking account with $880 in it and a savings account with $1,810 in it. He has a mutual fund worth $92,160. His personal assets are worth $87,870. He still owes $29,690 on his car and $139,270 on his home, and he has a balance on his credit card of $1,480. What is Ted’s net worth?
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