To construct a net worth statement, we need to subtract the total liabilities from the total assets.
Total Assets = Car ($24,728) + Savings account ($3,589) + Savings for retirement ($15,600)
= $24,728 + $3,589 + $15,600
= $43,917
Total Liabilities = Car loan ($3,000) + Credit card balance ($762)
= $3,000 + $762
= $3,762
Net Worth = Total Assets - Total Liabilities
= $43,917 - $3,762
= $40,155
Reena's net worth is $40,155.
Regarding her chances of getting a loan, a higher net worth generally increases the likelihood of being approved for a loan. In Reena's case, her net worth of $40,155 indicates that she has significant assets compared to her liabilities. This can be seen as a positive factor by the bank when considering her loan application, as it indicates that she has a good financial position and is capable of managing her debts. However, the final decision on the loan will depend on other factors such as her credit history, income, and the specific requirements of the bank she is applying to.