Ted Riley owns a vehicle worth $25,000 and a home worth $225,000.He has a checking account balance of $500,a savings account balance of $1,500,and a mutual fund worth $85,000.His personal assets are worth $90,000.He still owes $10,000 on his car,$100,000 on his home,and $1,000 on his credit card.What is Ted's net worth?

Question

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Assets (25,000 + 225,000 + 500 + 1,500 + 85,000 + 90,000) F1F1F1S1F1F1F10 Liabilities (10,000 + 100,000 + 1,000) = 427,000 F1F1F1S1F1F1F10 111,000 = $316,000.

Ted Riley Owns a Vehicle Worth $25,000 and a Home