Question

Which of the following modifications to the list of assets and liabilities below would result in a net worth of $100,000?

Answer 1

The correct answer is:

D) adding $1,000 in credit card debt

Explanation:

Their current net worth is $101,000.  

Adding the recreational vehicle's worth to the car's worth, we have

110000+27000 = 137000

Taking the medical bills away from the net worth, we have

137000-8700 = 128300

Taking the loan balance away from the net worth, we have

128300-80000 = 48300

Adding the savings to the net worth, we have

48300+5000 = 53300

Adding the retirement funds to the net worth, we have

53000+50000 = 103300

Taking away the credit card balance from the net worth, we have

103300-2300 = 101000

To make this $100,000, we take $1000 away from it.  This means option D is correct.

Answer 2

This is super late, but the correct answer is D.