Question: Create a net worth statement using the following information: Checking account balance $1,500 Home Mortgage 105,000 Savings Account balance 3,000 Home Equity Loan 9,000 Fair

Create a net worth statement using the following information:

Checking account balance

$1,500

Home Mortgage

105,000

Savings Account balance

3,000

Home Equity Loan

9,000

Fair Market Value of Home

250,000

401K Retirement Account balance

2,500

IRA Retirement Account balance

8,000

Total Credit Card debt

1,150

Value of Personal Property

11,000

Fair Market Value of Car

12,000

Car Loan

5,550

Student Loan

25,000

Brokerage Account balance

6,000

Assets

Liabilities

Total

Total

Total Net Worth: (show your calculation)

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