Question: Shelly's assets include money in checking and saving accounts, investments in stocks and mutual funds, and personal property such as furniture, appliances, an automobile, a


Shelly's assets include money in checking and saving accounts, investments in stocks and mutual funds, and personal property such as furniture, appliances, an automobile, a coin collection, and jewelry. Shelly calculates that her total assets are $163,700. Her current unpaid bills, including an auto loan, credit card balances, and taxes, total $19,400. Calculate Shelly's net worth. Net worth Ted Riley owns a Lexus worth $41,000. He owns a home worth $295,000. He has a checking account with $500 in it and a savings account with $2,000 in it. He has a mutual fund worth $112,000. His personal assets are worth $92,000. He still owes $20,700 on his car and $177,000 on his home, and he has a balance on his credit card of $1,700. What is Ted's net worth? Net worth
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