SOLUTION: Melanie has a $125,000 house with a $78,422 mortgage. She has $21,236 in a savings account and has $9,477 in credit card debt. She owes $6,131 to the credit union and figures that
Algebra ->
Finance
-> SOLUTION: Melanie has a $125,000 house with a $78,422 mortgage. She has $21,236 in a savings account and has $9,477 in credit card debt. She owes $6,131 to the credit union and figures that
Log On
Question 1160545: Melanie has a $125,000 house with a $78,422 mortgage. She has $21,236 in a savings account and has $9,477 in credit card debt. She owes $6,131 to the credit union and figures that her cars and other household items are worth a total of $15,000. What is Melanie’s net worth? Answer by Theo(13342) (Show Source):
You can put this solution on YOUR website! her assets are the car and the savings account and the household items for a total of 161236.
her liabilities are the mortgage and the credit card debt and what she owes the credit union for a total of 94030.
her net worth is the sum of her assets minus the sum of her liabilities = 161236 - 94040 = 67206.
