Claudia and Albert increased their net worth from ($250,000) to ($270,000) during the current year. Their combined
Question:
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.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Essentials Of Personal Financial Planning
ISBN: 9781945498237
1st Edition
Authors: Susan M. Tillery, Thomas N. Tillery
Question Posted: