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Assume the following information for a client: Personal property $89,000 Credit card balance $42,000 Mortgage loan balance $380,000 Checking account $14,000 Residence $480,000 Taxes $38,000
Assume the following information for a client:
| Personal property | $89,000 |
| Credit card balance | $42,000 |
| Mortgage loan balance | $380,000 |
| Checking account | $14,000 |
| Residence | $480,000 |
| Taxes | $38,000 |
| Life insurance cash value | $24,000 |
| Salary | $175,000 |
| Growth stock fund | $112,000 |
| Automobiles | $79,000 |
| Auto loan balance | $29,000 |
| Auto payments | $18,000 |
What is the client's net worth?
A)
$291,000
B)
$347,000
C)
$522,000
D)
$466,000
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The Handbook Of Financial Communication And Investor Relations
Authors: Alexander V. Laskin
1st Edition
1119240786, 978-1119240785
