anonymous
  • anonymous
Maxwell has $10,000 in the bank, a $250,000 home, and investments worth $8,000. He also has $8,000 worth of credit card debt and a $175,000 home loan. Maxwell wants to know his net worth. He adds all of his assets together and determines his net worth is $268,000. Evaluate Maxwell's determination. His calculations are correct. He forgot to include one of his assets. He forgot to deduct his liabilities. He included one asset as a liability.
Mathematics
  • Stacey Warren - Expert brainly.com
Hey! We 've verified this expert answer for you, click below to unlock the details :)
SOLVED
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.
jamiebookeater
  • jamiebookeater
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
anonymous
  • anonymous
@themicronic
anonymous
  • anonymous
What's your guess?
anonymous
  • anonymous
D @rainbowbrony555

Looking for something else?

Not the answer you are looking for? Search for more explanations.

More answers

anonymous
  • anonymous
Nope :)
anonymous
  • anonymous
How much are his assets @Sdelgado95 ?
anonymous
  • anonymous
Idk I'm no good at this
anonymous
  • anonymous
It's not D @Sdelgado95, take another guess
anonymous
  • anonymous
C
anonymous
  • anonymous
Yes.
anonymous
  • anonymous
yes, correct :)
anonymous
  • anonymous
Thank you two!!!
anonymous
  • anonymous
Do you know why it is C?
anonymous
  • anonymous
Noooo can u explain pls
anonymous
  • anonymous
So, he has: $250,000 home $10,000 in bank $8,000 investment ^equals $268,000
anonymous
  • anonymous
Because he added all his assets, but he did not deduct his debt and loan
anonymous
  • anonymous
I see
anonymous
  • anonymous
That is his assets, but he did not deduct liabilities: $175,000 loan $8,000 debt The assets-liabilities = net worth
anonymous
  • anonymous
Tom's new credit card has a $35 annual membership fee due in September. In August, Tom received a credit card bill totaling $45 and was only able to pay the $20 minimum payment before the due date. How much balance will show up on Tom's credit card in September if the introductory APR of 0% still applies and the late fee is $30? $60 $90 $75 $55 Do you all know what kind of questions these are
anonymous
  • anonymous
I have this under math models
anonymous
  • anonymous
Well, if the APR is still 0%, then we are working with our basic fees, no interest.
anonymous
  • anonymous
But since I work online I have no one teaching me how to work these out
anonymous
  • anonymous
So, he paid 20 of the 45. 45-20=25 Late fee is 30 25+30=?
anonymous
  • anonymous
D

Looking for something else?

Not the answer you are looking for? Search for more explanations.