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Tammy owns a laptop computer she paid $1,200 for about two years ago. Today, she
thinks she could sell it for about $700. She also has a car worth $2,900 on which she still
owes $800 and that will be paid off next year. How much is her net worth?

Respuesta :

MrRoyal

Answer:

[tex]Net\ Worth = \$2800[/tex]

Step-by-step explanation:

Net worth is calculated using;

[tex]Net\ Worth = Assets - Debts[/tex]

In this question, we have:

[tex]Laptop = \$1200[/tex] --- 2 years ago

[tex]Laptop = \$700[/tex] --- presently

[tex]Car = \$2900[/tex]

[tex]Debt = \$800[/tex]

Only the current worth of the laptop will be considered;

So, we have:

[tex]Assets = Laptop + Car[/tex]

[tex]Assets = \$700 + \$2900[/tex]

[tex]Assets = \$3600[/tex]

[tex]Net\ Worth = Assets - Debts[/tex]

[tex]Net\ Worth = \$3600 - \$800[/tex]

[tex]Net\ Worth = \$2800[/tex]

Tammy's net worth from the laptop computer and car  is $2600

Cost of the laptop computer two years ago = $1200

Worth of the laptop computer today = $700

Laptop Asset = $1200 - $700

Laptop Asset = $500

Car worth = $2900

Tammy still owes $800 on the car

Debt = $800

Car Asset = $2900 - $800

Car Asset = $2100

Tammy's net worth = Laptop Asset + Car Asset

Tammy's net worth = $500  +   $2100

Tammy's net worth = $2600

Tammy's net worth is $2600

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