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Andre owns a condominium with a value of $145,000. He has a stock portfolio worth $8,300. He owes $3,700 on his car, which is valued at$9,500. He has $7,200 in student loans to repay. He has a credit card balance of $4,372. He also has $2,600 in a bank account. Construct a net worth statement to find Andre's net worth

Respuesta :

Answer:

Andre's net worth = $150,128

Step-by-step explanation:

Net worth refers to the difference between total assets and total liabilities.

Therefore, Andre's net worth statement can be constructed as follows:

Andre's Net Worth Statement

Details                                    Amount ($)              Total ($)      

Assets:

Condominium                          145,000

Stock portfolio                             8,300

Car value                                     9,500

Bank account balance               2,600

Total assets                                                              165,400

Liabilities:

Amount owing on car                (3,700)

Student loans                             (7,200)

Credit card balance                   (4,372)  

Total liabilities                                                         (15,272)  

Andre's net worth                                                   150,128    

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