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Using the following information about the family's assets and liabilities, calculate the total assets: Checking account: $3,000 Savings account: $13,000 Credit card balance: $5,500 Utility

Using the following information about the family's assets and liabilities, calculate the total assets:

  • Checking account: $3,000
  • Savings account: $13,000
  • Credit card balance: $5,500
  • Utility bill: $500
  • Home: $320,000
  • Mortgage (30 years): $210,000
  • Car: $25,000
  • Car loan (60 months): $18,000
  • Student loan (7 years): $25,000
  • Household items: $15,000
  • Retirement account: $64,000
  • Other assets: $39,000

$479,000

$464,000

$415,000

$400,000

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