Respuesta :
Answer:
$38,000
Explanation:
To calculate the personal net worth, we must list all assets and all liabilities, estimate their monetary value, and then, substract total liabilities from total assets.
Assets Liabilities
Govt bonds $2,000 Student loan $12,000
Stocks $10,000 Credit card debt $2,000
Checking deposits $4,000 Total liabilities = $14,000
Car $10,000
Savings deposits $25,000
Cash $1,000
Total Assets = $52,000
Personal net worth = total assets - total liabilities
= $52,000 - $14,000
= $38,000
This person's personal net worth is equal to 38 thousand dollars.
To figure out your personal net worth, make a list of all your assets and liabilities, estimate their monetary value, and subtract total liabilities from total assets. This person has a $38,000 net worth.
What is the net worth of the individual?
[tex]\text{The list of details regarding assets and liabilities will be classified below:}\\\text{Assets}\\ \text{Government bonds} =$2,000\\\text{Stocks} = $10,000\\ \text{Checking Deposit} = $4,000\\ \text{Car} = $10,000\\ \text{Savings deposits} = $25,000\\\text{Cash} = $1,000\\\text{Total Assets} = $52,000\\\\[/tex]
[tex]\text{Liabilities}\\\text{Student loan} = $12,000\\\text{Credit card debt} = $2,000\\\text{Total liabilities} = $14,000\\\\\text{Personal net worth} = \text{Total assets} - \text{Total liabilities}\\ = $52,000 - $14,000\\ = $38,000[/tex]
Therefore, This individual has a personal net worth of $38,000 (Thirty-eight Thousand Dollars).
For more information about net worth, refer below
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