3
QuizMultiple Choice

Planning for the Cost of College — Unit test

Question 3 of 25 • 2027 Ignite Financial Literacy-Personal Finance - EL3403

Rosetta listed her assets and liabilities on a personal balance sheet. Rosetta’s Balance Sheet (April 2013)AssetsLiabilitiescash$900credit card$4,000investments$1,100student loan$2,000 house$150,000mortgage$100,000car$8,000car loan$5,000Total Total If Rosetta sells her house and pays off the mortgage, how much should she receive (assuming there are no other costs associated with selling the house)?

Answer
A
$42,000
B
$50,000
C
$52,000
D
$60,000
Previous
Next