22
QuizMultiple Choice

Personal Savings and Consumer Credit: Part Three — Test

Question 22 • Advanced Financial Algebra

If Angelo sells his car for $⁢20,000 and uses the money to pay off his car loan, what will be his net worth? Use this formula: net worth = assets - liabilities

Answer
A
210 dollars comma 000
B
200 dollars comma 000
C
190 dollars comma 000
D
220 dollars comma 000
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