To calculate the net worth, you need to subtract the total liabilities from the total assets.
Total Assets:
- Car: $36,000
- Computer: $1,115
- Savings account: $27,844
- Retirement savings: $90,291
Total Assets Calculation: \[ \text{Total Assets} = 36,000 + 1,115 + 27,844 + 90,291 = 155,250 \]
Total Liabilities:
- Mortgage: $114,500
- Credit card balance: $3,062
Total Liabilities Calculation: \[ \text{Total Liabilities} = 114,500 + 3,062 = 117,562 \]
Net Worth Calculation: \[ \text{Net Worth} = \text{Total Assets} - \text{Total Liabilities} \] \[ \text{Net Worth} = 155,250 - 117,562 = 37,688 \]
So the net worth is $37,688.