Question
29 . Jenson is 40 years old and employed as a senior manager, Jenson's insurance agent assesses his disability insurance needs and gathers the following
29. Jenson is 40 years old and employed as a senior manager, Jenson's insurance agent assesses his disability insurance needs and gathers the following information regarding his assets and liabilities: Assets Liabilities Home $730,000 'Home mortgage $344,000 Car (owned) $60,000 Car loan $31,000 RRSP $75,000 Line of credit $17,000 Cash in bank $21,000 Credit card $5,600
What is Jenson's net worth?
a. $1,283,600
b. $494,000
c. $488,400
d. $886,000
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Financial Management Principles And Applications
Authors: Dr. S. Kr. Paul, Prof. Chandrani Paul
1st Edition
1647251664, 9781647251666
