QUESTION 3

Shaharul is applying for a personal loan from Mesra Bank Berhad. As part of its standard procedure for loan assessment, the bank has asked him to provide his financial information. Shaharul provides the requested information as follows: Bank Deposits RM 50,000 Treasury Bills RM 55,000 3-month Certificate of Deposit RM 50,000 Credit Card Balance RM 10,000 Listed Stocks RM 120,000 Life Insurance Cash Value RM 125,000 ASB Unit Trust Account Balance RM 350,000 Mortgage Loan RM 1,500,000 Residential Flat RM 3,000,000 What is Shaharuls net worth?