Examlex

Solved

Jim Has a $147,000 Home with a $98,672 Mortgage

question 14

Short Answer

Jim has a $147,000 home with a $98,672 mortgage. He has $8,210 in savings and an additional $9,756 in a mutual fund account. He owes $3,416 on his car and $1,146 on his credit card. What is Jim's net worth?


Definitions:

Competitive Careers

Careers in which individuals vie against others for advancement, recognition, or rewards in their professional fields.

Biological Needs

Essential requirements for human survival, such as food, water, shelter, and sleep.

Basic Biological Motives

Fundamental drives that are necessary for survival, such as hunger, thirst, and the need for shelter.

Autonomic Arousal

The activation of the autonomic nervous system, inducing physiological changes such as increased heart rate and blood pressure in response to stimuli.

Related Questions