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A Word Problem.

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Melanies' house is worth $125,000, but she still owes $78,422 on her mortgage. She has $21,236 in a savings account and has $9477 in credit card debt. She owes $6131 to the credit union and figures that her cars and other household items are worth a total of $15,000. What is Melanies' net worth.

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Solution Summary

This solution provides a detailed step by step explanation of how to solve the given problem involving the calculation of a person's net worth.

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Dear student,

First of all a very warm welcome to this wonderful community. Have a good time here.

Please find the solution below.

Thanks,
Kavita Narang

Melanies' house is worth $125,000, but she still owes $78,422 on her mortgage. She has $21,236 in a savings ...

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