Question: Suppose that Jacob's assets include a motorcycle worth $12,000 and a checking account with a $3,000 balance, while his liabilities include a credit card balance

Suppose that Jacob's assets include a motorcycle worth $12,000 and a checking account with a $3,000 balance, while his liabilities include a credit card balance of $4,000, a motorcycle loan balance of $7,000, and a motorcycle payment of $375 per month. What is his net worth? Can you show me how it is $4,000

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