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Wealth Vs. Income - exercise #3 Someone you know has the following: cash $500 car loan $1,500 investments $3,000 car (value) $7,500 a) What is

Wealth Vs. Income - exercise #3

Someone you know has the following:

cash $500

car loan $1,500

investments $3,000

car (value) $7,500

a) What is the value of this individual's assets?

b) What is this individual's net worth?

Compute this person's net worth.

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