What will happen to Idy’s net worth if she buys a new $⁢15,000 car using a $⁢10,000 loan and $⁢5,000 from her savings, while selling her old car for $⁢8,000 ? Formula: net worth = assets - liabilities

Name: Revolt
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Question

Revolt · Accepted Answer

Her net worth will increase by 5 dollars comma 000.

Practice Test

What will happen to Idy’s net worth if she buys a new $⁢15,000 car using a $⁢10,000 loan and $⁢5,000 from her savings, while selling her old car for $⁢8,000 ? Formula: net worth = assets - liabilities

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