Question
58 At the beginning of the year, Holly had a Net Worth of $80,000. As of January 2022, she set aside $1,300 per month from
58
At the beginning of the year, Holly had a Net Worth of $80,000. As of January 2022, she set aside $1,300 per month from her paycheque for savings and borrowed $30,000 from her uncle that she must pay back in January 2023. She has a car worth $10,000 with a car loan of $3,000 at the end of the year. She is looking to buy a small condo valued at $130,000 but just can't find one in today's market (she knows she would have to get a mortgage of $100,000). What is Hollys Net Worth at the end of the year, December 2022.
Points: 1
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$117,400
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$102,600
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$67,400
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$78,000
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$217,400
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