Worthingtons’ net worth is $$412,700.
Consider the provided information.
The difference between the value of all financial and non-financial assets and the total of all its outstanding liabilities is known as Net worth.
Now first list all the financial and non-financial assets.
A motor home valued $165,000, they tow their car, valued at $32,000 they invested for retirement, the Worthingtons have $200,000 in investments and an additional $20,000 in their savings account.
Now add all the figures as shown:
$165,000 + $32,000 + $200,000 + $20,000 = $417,000
Now calculate the outstanding liabilities:
The Worthingtons have medical bills totaling $1,300 and a balance of $3,000 on credit cards.
Now add all the figures as shown:
$1,300 + $3,000 = 4,300
Subtract the value of financial and non financial assets from outstanding liabilities.
$417,000 - $3,000 = $412,700
Hence, the Worthingtons’ net worth is $412,700.
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