stephv:
Determine the net worth of the following individual. Car worth $14,000 with a $2,000 loan remaining to be paid off. Rents 2-bedroom, 1 bathroom apartment. Investment Portfolio of $6,500. Checking account of $950 Savings account of $3,330. Outstanding student loans of $12,780
Angle:
Hello @stephv ! Welcome to QuestionCove! For this problem, we are going to add up the positive dollar amounts and subtract any debt from that. so 14000 for the positive car amount minus 2000 for the car loan plus 6500 for the investment plus 950 for the checking account plus 3300 for the savings account minus 12780 for the student loan debt
Angle:
notice that I did not include the apartment because renting does not count towards nor against net worth because you do not own it.
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