Question

Which of the following modifications to the list of assets and liabilities below would result in a positive net worth?

Home owned $105,000.
Mortgage owed $100,000.
Car valued at $26,000.
Car loan of $22,000.
Investment fund of $4,500.
Savings of $1,500.
Credit card balance of $15,000.
a.
Lowering mortgage by $1,000.
b.
Increasing investment fund by $500.
c.
Adding $100 to savings.
d.
All of the above.

Answer 1

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Answer 2

I'd say that D. all of the above would result in a positive net worth. So, lowering mortgage by $1,000, increasing investment fund by $500, and adding $100 to savings.