Question
At the end of the month, after all current bills and short term obligations for the period have been paid, Bill notices that he has
At the end of the month, after all current bills and short term obligations for the period have been paid, Bill notices that he has the following balances in his ledgers: Monthly Wages 3,000 Current Market Value of Car 16,000 Car Loan Balance 6,800 Monthly Rent 1,000 Monthly car payment 250 Credit Card Balance 4,800 Cash $300 Monthly Interest Expense 100 Illiquid Investment Assets 2,000 Checking Account 1,300 Monthly Clothing Expense 100 Savings Account 2,500 Monthly Investment Income 250 Money Market Account 3,000 Monthly Grocery Bill 300 Certificate of Deposit 5,000 Monthly gasoline expense 200 How rich is bill? (no dollar signs or commas)
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