Tco 6 chuck owns a home worth 140000 a car valued at 30000, Ask an Expert

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(TCO 6) Chuck owns a home worth $140,000, a car valued at $30,000, and miscellaneous assets worth $7,500. He owes $75,000 on the home and $12,000 on the car, and has no other debts. His retirement account, in which he is fully vested, contains $17,500 in mutual funds. He is insured with a $250,000 term life insurance policy. What is his net worth?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M941001

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