Financial Algebra Help!!

Ryder and Katelyn’s assets and liabilities are shown below.

Home Value $114,500
Credit Card Balance $15,430
Personal Loan $4,309
Furniture $4,150
Electronic Equipment $7,312
Car Loan $12,670
Savings Account Balance $7,475
Mortgage $34,567
Investments $2,046
Car Value $18,545

What is Ryder and Katelyn’s net worth?
$51,546

$71,126

$78,752

$87,052

Question

Financial Algebra Help!!

Ryder and Katelyn’s assets and liabilities are shown below. 


Home Value	$114,500
Credit Card Balance	$15,430
Personal Loan	$4,309
Furniture	$4,150
Electronic Equipment	$7,312
Car Loan	$12,670
Savings Account Balance	$7,475
Mortgage	$34,567
Investments	$2,046
Car Value	$18,545


What is Ryder and Katelyn’s net worth?
 $51,546

 $71,126

 $78,752

 $87,052

ganeshie8 · Answer

net worth =  (total assets) - (total liabilities)

anonymous · Answer

Okay so just to make sure the liabilities are:

Credit card balance
personal loan
car loan
mortgage
electrical equipment 

correct? @ganeshie8

ganeshie8 · Answer

electrical equipment is an asset

ganeshie8 · Answer

other than that, you got everything correct...

anonymous · Answer

Okay (:

anonymous · Answer

hold on as I add them

anonymous · Answer

I ended up with 87,052

ganeshie8 · Answer

$\large \color{red}{\checkmark}$ http://www.wolframalpha.com/input/?i=114500+-+15430+-+4309+%2B+4150+%2B+7312+-+12670+%2B+7475+-+34567+%2B+2046+%2B+18545

anonymous · Answer

Thanks again!