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Mike and Mary Jane Lee have a yearly income of $69.250 and own a house worth $93.700. two cars worth a total of 521,833 and

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Mike and Mary Jane Lee have a yearly income of $69.250 and own a house worth $93.700. two cars worth a total of 521,833 and furniture worth $10.962. The house has a mortgage of 552,239 and the cars have outstanding loans of $2,644 each. Utility bills, totaling $145 for this month, have not been paid Calculate or use Worksheet 4 to determine their net worth and explain what it means How would the Lees' age affect your assessment of their net worth? The value of Mike and Mary Jane's total assets are $(Round to the nearest dollar) The value of Mike and Mary Jane's total liabilities are $(Round to the nearest dollar) The value of Mike and Mary Jane's net worth is $|| (Round to the nearest dollar) How would the Lees' age affect your assessment of their net worth? (Select the best choice below) A Ithe Lees sold off all their assets and attempted to pay off all their debts they would still owe $138.073. You would expect not worth to decrease with ago OB. If the Lees sold off all their assets and paid off all their debts, they would have 568,823 in cash You would expect net worth to increase with age Click to select your answers)

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