Cynthia Coleman is reviewing her assets and liabilities.What is her net worth?
Assets:
Cash in checking account,$1,000
Cash in savings account,$2,800
Current value of Investments in U.S.savings bonds,$4,000
Current value of Investments in stocks & mutual funds,$9,700
Current cash value of life insurance,$7,300
Current value Accrued pension benefit,$25,000
Current value of house,$155,000
Current value of furniture and appliances,$8,000
Current value of Jewelry,$600
Current value of automobile,$7,200
Liabilities:
Current unpaid bills,$800
Home mortgage unpaid balance,$100,000
Auto loan unpaid balance,$3,200
Property Taxes owed,$1,000
Home improvement loan balance,$1,200
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