Melanie’s house is worth $125,000, but she still owes $78,422 on her mortgage. She has $21,236 in a savings account and has $9477 in credit card debt. She owes $6131 to the credit union and figures that her cars and other household items are worth a total of $15,000. What is Melanie’s net worth?
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Net worth
- Thread starter SVellis
- Start date
D
Deleted member 4993
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SVellis said:I know the answer but not sure I'm setting it up correctly:
Dept: 78,422 + 9,477 + 6,131= -$94,030
Assets: 21,236 + 15,000 + 65,922= +$102,153
102,153 – 94,030= 8,128.00
Melanie’s net worth is $8,128.00
What about the value of the house?