Claudia and Albert increased their net worth from ($250,000) to ($270,000) during the current year. Their combined

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Claudia and Albert increased their net worth from \($250,000\) to \($270,000\) during the current year. Their combined income was \($60,000\) and the only changes to their assets was an increase in their investments of \($12,000,\) and an additional contribution of \($2,000\) to Albert’s IRA. How much did Claudia and Albert reduce their home loan during the year?

A. $4,000.

B. $6,000.

C. $8,000.

D. $20,000.

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Essentials Of Personal Financial Planning

ISBN: 9781945498237

1st Edition

Authors: Susan M. Tillery, Thomas N. Tillery

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