Question
Nick is going to the bank to obtain a pre-approval certificate regarding the potential purchase of a cottage. In order to prepare for the meeting,
Nick is going to the bank to obtain a pre-approval certificate regarding the potential purchase of a cottage. In order to prepare for the meeting, the bank has asked him to provide a Net Worth statement. Based on the following what is Nick's Net Worth? -Savings account $3,200 -Chequing account $340 -Current car value $9,875 -Car loan balance $1,200 -Outstanding student debt $2,105 -Overdue credit card balance (2 months in arrears) $2,100 -Sailboat that has been on Facebook Marketplace for sale at $5,300 -Tax-Free Savings Account (TFSA) with a market value of $6,125 (contributions made of $6,000)
Select one:
a. $18,195
b. $21,420
c. $17,400
d. $11,410
e. $19,435
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