Question: Jack Plummer, a factory worker, asks you to help him find out how much he is worth. From a discussion with him, you find out
Jack Plummer, a factory worker, asks you to help him find out how much he is worth. From a discussion with him, you find out the following facts:
His cash on hand is $
He owns Canada Savings Bonds worth $
He owns a home valued at $ which has a mortgage on it of $
He owns an automobile that he bought for $ and still owes Ace Finance $ for it
He owns a summer property valued at $ which he bought with money borrowed from the bank. Since the time of purchase he has paid $ of the loan.
He has unpaid bills amounting to $
He owes his father, M Plummer, the sum of $ which he borrowed interest free several years ago at the time he bought his home.
He owns furniture valued at $
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