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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.

$21,420

b.

$18,195

c.

$11,410

d.

$17,400

e.

$19,435

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