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Your clients, Meg and Henry Merkle, (age 32 and 37, respectively) have the following inflows, outflows, and account balances: Annual planned personal savings contributions Annual
Your clients, Meg and Henry Merkle, (age 32 and 37, respectively) have the following inflows, outflows, and account balances: Annual planned personal savings contributions Annual debt payments Total annual outflows Total annual inflows (ignoring life insurance benefit inherited) $12,000 $16,402 $164,067 Pre-tax: After-tax: 403(b) retirement plan contributions made by employer Current liabilities $178,500 $149,175 $7,200 $6,186 Long term liabilities $198,890 Calculate the Merkle family's Net Worth. (Show work below for partial credit)
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