Question

4. Theresa's net worth is $18.CO What is the value of her condo? A $95.000 B. $:05,000 C. $5,000 D. $25.000 Condo Mortgan Checking Account Car (paid of Credit card debt

Answer 1

Theresa's Net worth = Condo + Mortgage + Checking Acct + Car (paid off) + Credit card

18000 = condo + 85000 + 6000 + 8000 + 6000

18000 = Condo + 105000

Condo = 18000 - 105000

Condo = - $87,000

The correct answer is -$87,000