Question
You own a car worth $8,212.45, savings bonds that have a total worth of $10,710.60, and a home that is worth $45,900.00. You also owe $5,375.43 on your car loan. What is your net worth?
Answers
GPT-4o mini
To calculate your net worth, you need to subtract your total liabilities (debts) from your total assets (things you own).
**Assets:**
- Car: $8,212.45
- Savings bonds: $10,710.60
- Home: $45,900.00
**Total assets = Car + Savings bonds + Home**
\[
\text{Total assets} = 8,212.45 + 10,710.60 + 45,900.00 = 64,823.05
\]
**Liabilities:**
- Car loan: $5,375.43
**Total liabilities = Car loan**
\[
\text{Total liabilities} = 5,375.43
\]
**Net worth = Total assets - Total liabilities**
\[
\text{Net worth} = 64,823.05 - 5,375.43 = 59,447.62
\]
Your net worth is **$59,447.62**.
**Assets:**
- Car: $8,212.45
- Savings bonds: $10,710.60
- Home: $45,900.00
**Total assets = Car + Savings bonds + Home**
\[
\text{Total assets} = 8,212.45 + 10,710.60 + 45,900.00 = 64,823.05
\]
**Liabilities:**
- Car loan: $5,375.43
**Total liabilities = Car loan**
\[
\text{Total liabilities} = 5,375.43
\]
**Net worth = Total assets - Total liabilities**
\[
\text{Net worth} = 64,823.05 - 5,375.43 = 59,447.62
\]
Your net worth is **$59,447.62**.