Ben owns a townhome valued at $ 195,000, but still owes $120,000 on the loan. Ben has $5,000 in savings and balance of $1,400 on his credit cards. There is a balance of $20,000 owed on Ben's car which is valued at $ 38,000. What is ben's net worth?
1 answer:
Net worth is the difference between assets and liabilities.
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