Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ted Riley owns a Lexus, worth $ 3 9 , 0 0 0 . He owns a home, worth $ 2 5 6 , 0

Ted Riley owns a Lexus, worth $39,000. He owns a home, worth $256,000. He has a checking account, with $830 in it, and a savings account, with $1,460 in it. He has a mutual fund, worth $93,707. His personal assets are worth $81,220. He still owes $34,170 on his car, and $151,340 on his home, and he has a balance on his credit card, of $1,440. What is Ted's net worth?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mergers And Acquisitions Integration Handbook

Authors: Scott C. Whitaker

1st Edition

111800437X, 978-1118004371

More Books

Students also viewed these Finance questions