To find Enzo's net worth, you need to compute the difference between his total assets and total liabilities. Net worth is defined as the total value of assets minus the total value of liabilities.
Here is the summary of Enzo's balance sheet:
Assets:
1. Cash: \[tex]$600
2. Investments: \$[/tex]500
3. House: \[tex]$120,000
4. Car: \$[/tex]6,000
Total Assets: \[tex]$127,100
Liabilities:
1. Credit card: \$[/tex]4,000
2. Student loan: \[tex]$2,500
3. Mortgage: \$[/tex]80,000
4. Car loan: \[tex]$2,000
Total Liabilities: \$[/tex]88,500
The net worth calculation is:
[tex]\[ \text{Net worth} = \text{Total Assets} - \text{Total Liabilities} \][/tex]
Plugging in the values:
[tex]\[ \text{Net worth} = \$127,100 - \$88,500 \][/tex]
So, the correct expression to find Enzo's net worth is:
[tex]\[ \$127,100 - \$88,500 \][/tex]
Hence, the expression that finds Enzo's net worth is:
[tex]\[ \$127,100 - \$88,500 \][/tex]
