Question

The Thompson's needed a repair on their home and took out a home equity loan for $5,000.

What is their net worth now?

Answer 1

32,742

Explanation:

net worth is asset minus liabilities so if you add up the assets you get 135,910 and if you add up all the liabilities you get 98,169. So 135,910 - 98,168 you get 37,742. BUT WAIT THERE IS MORE. After that you subtract 5,000 for the home equity loan and you get the final answer which is 32.742