Question 134133: Melanie house is worth $125,000, but she still owes 78,422 on her mortgage. She has 21,236 in a savings account ahd 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 15,000.00. What is melanie's worth?
Answer by nycsharkman(136)   (Show Source):
You can put this solution on YOUR website! Melanie house is worth $125,000, but she still owes $78,422 on her 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 worth?
What has Melanie paid so far?
Melanie has paid = $125,000 - $78,422
Melanie has paid = $46,578
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What does have in her savings?
She has $21,236.
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What does Melanie owe?
Melanie owes = $78,422 + $6,131 + $9,477 + $15,000
Melanie owes = $109,030
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The worth of person in terms of money is what they have in the bank.
Melanie has $21,236 but owes MUCH more than she has in her savings.
Melanie is in trouble.
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