Using the following information about the family’s assets and liabilities, calculate the total assets: Checking account: $3,000 Savings account: $13,000 Credit card balance: $5,500 Utility bill: $500 Home: $320,000 Mortgage (30 years): $210,000 Car: $25,000 Car loan (60 months): $18,000 Student loan (7 years): $25,000 Household items: $15,000 Retirement account: $64,000 Other assets: $39,000

Question

11-09-2022
Mathematics

Answered

Using the following information about the family’s assets and liabilities, calculate the total assets: Checking account: $3,000 Savings account: $13,000 Credit card balance: $5,500 Utility bill: $500 Home: $320,000 Mortgage (30 years): $210,000 Car: $25,000 Car loan (60 months): $18,000 Student loan (7 years): $25,000 Household items: $15,000 Retirement account: $64,000 Other assets: $39,000

Answer :

Other Questions

Jerica has $4,000 in assets and $2,500 in liabilities. Calculate her net worth.

every month, Ms. Hughes pays her car loan thourgh atomatic payments from her savings account. She pays the same amount on her car each month. At the end of the

A repair bill for a car is $648.45. The parts cost $265.95. The labor cost is $85 per hour. Write and solve an equation to find the number of hours of labor spe

On September 30, Valerian Company had a $102,500 balance in Accounts Receivable. During October, the company collected $102,890 from its credit customers. The O

Calculate the Fourier Expansion of the function : f ( x ) = 2x + 1

10. For the following questions, use the system of equations (1 point each): 3x+2y = 14 2x - 4y = 4 a. Solve the system of equations using either the substituti

Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order. On March 1, OCFF had two j

The table shows pricing information for two pizzas. How many toppings would make the cost the same for all pizza number 13 only

Solve the following linear inequality − x 7<−13

saimaparvezVT saimaparvezVT · Answer 1 · 2022-09-14T01:13:31-04:00

The net worth of a given family is $227500.

What are Arithmetic operations?

Arithmetic operations can also be specified by the subtract, divide, and multiply built-in functions.

+ Addition operation: Adds values on either side of the operator.

For example 4 + 2 = 6

- Subtraction operation: Subtracts the right-hand operand from the left-hand operand.

for example 4 -2 = 2

Assets are simply subtracted from liabilities to determine net value. Your money and investments, your home and other properties you own, your automobiles, and any other valuable possessions you own are all considered assets.

Assets = 3,000 + 13,000 + 5,500 + 15,000 + 64,000 + 320,000 + 25,000 + 39,000 = 484500

Liabilities = 500 + 210,000 + 18,000 + 25,000 = 257000

Net worth = Assets - Liabilities

Net worth = $484500- $257000 = $227500

Thus, the net worth of a given family is $227500.

Learn more about Arithmetic operations here:

brainly.com/question/25834626

#SPJ1