At the beginning of the year, Arianne had a net worth of 6000 During the year...
At the beginning of the year, Arianne had a net worth of 6000
During the year she set aside$ 300 per month from her paycheck for savings and borrowed
$450 from her cousin that she must pay back in January of next year. What was her net worth at the end of the year?
Homework Answers
Net worth = Assets - liabilities
Assets at end of year = $ 6000 + $ 300 
12 months = $ 9600
liabilities = $ 450
Net worth = $ 9600 - $ 450
Net worth end of the year = $ 9,150
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