Question 176037: can someone help me with this word problem
Melanie’s house is worth $125,000, but she
still owes $78,422 on her mortgage. She has $21,236 in a
savings account and has $9477 in credit card debt. She
owes $6131 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 josmiceli(19441)   (Show Source):
You can put this solution on YOUR website! Add her assets and subtract her debts
Assets:
House
savings account
cars
household items
-----
Debts:
mortgage
credit card debt
Credit union debt
--------
Assets:
125,000
21,236
15,000
------
307,472 total
------
and
Debt
78,422
9,477
6,131
-----
94030 total
Net worth = 307,472 minus 94030 = 213,442
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