Vijay owns a house worth $250,000 with a mortgage of $150,000. He has $3,000 in stock investments and $1,700 in a checking account. He owns a piano worth $1,800. He also owns a car worth $18,000 and owes $6,000 in car loans. Vijay wants to create a net worth statement. What are Vijay’s total assets, liabilities, and net worth?
Vijay’s assets total:
Vijay’s liabilities total:
Vijay’s net worth is:
