Ask Question
3 December, 09:07

4. Which of the following will increase your net worth the most?

All of these increase net worth

Purchase a used car valued at $7,000 with an Auto Loan for $7,000

Purchase of house valued at $150,000 with $25,000 down and a mortgage of $125,000

Sell a bike valued at $75 for $75 cash

None of these increase net worth

+5
Answers (1)
  1. 3 December, 10:34
    0
    Net worth is defined as the total value of assets subtracted by liabilities. Selling a bike to gain cash value even at a minimal amount of $75 increases the net worth. Adding value to an asset without increasing the liability is increasing the net worth.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “4. Which of the following will increase your net worth the most? All of these increase net worth Purchase a used car valued at $7,000 with ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers