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Hector and Maria Montez are trying to figure out their current financial health. They have listed the following items from their most recent statements. They will pay off their car loan in three years. Their gross household income is $3,800 per month. They receive $75 month in interest income from their investments.

Saving account: $1,200

Checking account: $800

Credit card balance: $1,000

Car loan balance: $12,000

Car market value: $8,000

Furniture market value: $2,000

Stock and bonds: $10,000

What is the Montez's current net worth?

Microeconomics, Economics

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