Ted owns a Lexus worth $39,600. He owns a home worth $286,000. He has a checking...

 

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Ted owns a Lexus worth $39,600. He owns a home worth $286,000. He has a checking account with $780 in it and a savings account with $1,480 in it. He has a mutual fund worth $103,310. His personal assets are worth $86,220. He still owes $29,920 on his car and $142,210 on his home, and he has a balance on his credit card of $1,410. What is Ted's net worth? Net worth Ted owns a Lexus worth $39,600. He owns a home worth $286,000. He has a checking account with $780 in it and a savings account with $1,480 in it. He has a mutual fund worth $103,310. His personal assets are worth $86,220. He still owes $29,920 on his car and $142,210 on his home, and he has a balance on his credit card of $1,410. What is Ted's net worth? Net worth

Answer rating: 100% (QA)

To calculate Teds net worth we need to sum up the value of his assets and subtra... View the full answer