The assets and liabilities of a 22-year-old recent college graduate are listed below.
Furniture $4,091
Car Loan $6,060
Credit Card Balances $3,940
Savings Account Balance $2,143
Student Loans $29,400
Car Value $21,500
Equipment $4,805
The college graduate is hired at a law firm with a $10,000 signing bonus, that will be deposited into the savings account. The firm also agrees to immediately pay off $25,000 in student loan debt. What is the college graduate's new net worth?
$11,309
$14,400
$23,643
$28,139
