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12 September, 14:25

Susan owns a home that is worth $128,318.74, a 2005 truck worth $10,615.00, and has investments that total $4,459.16. Susan owes $93,987.74 on her mortgage, $2,874.46 in student loans, and $1,214.92 on her credit card. What is Susan's Net Worth?

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  1. 12 September, 15:52
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    Net worth is defined as:

    Assets - Liabilities.

    Assets are what you own.

    Liabilities are what you have to pay.

    So, home + truck + investments are assets.

    Likewise, mortgage + student loans + credit cards are liabilities.

    Doing the math, Susan's net worth is

    Assets - Liabilities

    $143,392.90 - $98,077.12 =

    $45,315.78

    Susan's net worth is $45,315.78

    Good luck!
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