As of December 31, 20X1, Bob Larkin has the following financial data: Bond fund $17,000 Residence $400,000 Vested 401(k) plan $95,000 Auto notes $16,000 Residence mortgage $285,000 Auto payments $7,000 Automobiles $45,000 Checking account $8,000 Utilities $4,000 CD $15,000 Stock $125,000 Home equity loan $40,000 What is Bob's net worth?

Answer rating: 100% (QA)

To calculate Bobs net worth we need to add up all his assets and then subtract his liabilities ... View the full answer