Answer:
$1,048,368
Step-by-step explanation:
Net worth = assets - liabilities
Assets are things you own
Liabilities is money you owe
<u>Assets</u>
Range Rover ($38,580)
Bank accounts ($15,680)
House ($250,000)
Retirement account ($975,575)
Add them up to get total assets: $1,279,835
<u>Liabilities</u>
Auto loan ($17,546)
Mortgage loan ($148,432)
Home equity loan ($65,489)
Add them up to get total liabilities: $231,467
1,279,835 - 231,467 = 1,048,368
