Question 38 1 Data Set for # 38 and #39 Year 1 Year 2 Year 3 Home $220,000 $220,000 $220,000 Car 25,000 25,000 50,000 Investments 40,000 50,000 65,000 Bank account 3,000 7.000 10,000 Total assets $288,000 $302.000 $345.000 Home loan $200,000 $150,000 $100,000 20.000 Auto loan 0 0 B | Esc 2 3 5 8 6 3 Q E R Home loan $200,000 $150,000 $100,000 Auto loan 20,000 O o Student loan 60,000 20.000 0 Total liabilities $280,000 $170,000 $100,000 Salary $95.000 $105,000 Investments 4,000 5,000 Inheritance 6,000 0 Total income $105,000 $110,000 Home loan $13,200 $13,200 Auto loan 9,600 9,600 XCO Total income $105,000 $110,000 Home loan $13,200 $13,200 Auto loan 9,600 9,600 Other living 20,000 22,000 Wedding 4,000 0 Total expenses $46,800 $44,800 Refer to Data Set above Calculate the net worth of the individual at the end of Year 1. $3,000 $8,000 SO $288,000