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Jordan Has the Following Assets and Liabilities Suppose That Jordan Wins $100,000 in the Lottery

question 114

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Jordan has the following assets and liabilities:  Two cars $10,000 House $200,000 Mortgage $100,000 Cash $1,000 Car loans $3,000 Checking account balance $2,000 Credit card balance $1,000\begin{array} { l l r } \text { Two cars } & \$ 10,000 \\\text { House } & \$ 200,000 \\\text { Mortgage } & \$ 100,000 \\\text { Cash } & \$ 1,000 \\\text { Car loans } & \$ 3,000 \\\text { Checking account balance } & \$ 2,000 \\\text { Credit card balance } & \$ 1,000\end{array} Suppose that Jordan wins $100,000 in the lottery. If he uses that money to pay off his mortgage, his wealth would ______; if he puts that money in his checking account, his wealth would ______.

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