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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

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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.
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Home » Business » 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
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