Melanie’s house is worth $125,000, but she still owes $78,422 on her mortgage. She has $21,236 in a savings account, and $9,477 in credit card debt. She owes $6,131 to the credit union, and figures that her cars and other household items are worth a total of $15,000. What is Melanie’s net worth?
Assets:
$125,000 + 21,236 + 15,000 = ?
Liabilities:
$78,422 + 9,477 + 6,131 = ?