SOLUTION: Melanie's home 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
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Question 147873: Melanie's home 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 car and other household items are worth a total of $15,000. What is Melanie's net worth? Answer by Fombitz(32388) (Show Source):
You can put this solution on YOUR website! First calculate all of her assets (house, car, savings, etc.)
Then calculate all of her debts and liabilities,
Her net worth is the difference,
Her net worth is $67,206.
