Your cousin found out you are in this class and asked you to help her calculate her net worth and the percent change from last year to this year.

She owns a car valued at $21,500, $3,700 in a savings account, $5,000 in a retirement savings account, and she estimates her other valuables are worth about $10,000. Use all assets listed in the calculation.

In addition, she has a student loan balance of $10,000, credit card debt of $5,000, and a car loan balance of $14,000.

Provide the following. Label your answer with numbers:

Total assets =

Total liabilities =

Net worth = (show your work)

If the previous year her net worth was $5,000, what is the percent change from last year to this year? (show your work and state your answer as a %; indicate if it is a decrease or increase)

Answer rating: 100% (QA)

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