The assets and liabilities of a credit union banker are listed below.

\begin{tabular}{|c|l|}
\hline Car Value & [tex]$\$[/tex]29,850[tex]$ \\
\hline Car Loan & $[/tex]\[tex]$10,560$[/tex] \\
\hline Savings Account Balance & [tex]$\$[/tex]12,409[tex]$ \\
\hline Treasury Bonds & $[/tex]\[tex]$10,000$[/tex] \\
\hline Student Loans & [tex]$\$[/tex]13,824[tex]$ \\
\hline Credit Card Balance & $[/tex]\[tex]$8,051$[/tex] \\
\hline Checking Account Balance & [tex]$\$[/tex]19,419[tex]$ \\
\hline Home Value & $[/tex]\[tex]$194,450$[/tex] \\
\hline
\end{tabular}

What is the total net worth if the banker pays off the student loans?

A. [tex]$\$[/tex]219,869[tex]$
B. $[/tex]\[tex]$247,517$[/tex]
C. [tex]$\$[/tex]233,693[tex]$
D. $[/tex]\[tex]$252,304$[/tex]



Answer :

To determine the banker’s net worth after paying off the student loans, we must follow a step-by-step process to account for all assets and liabilities correctly.

### Step 1: Recall the list of assets and liabilities

#### Assets:
- Car Value: \[tex]$29,850 - Savings Account Balance: \$[/tex]12,409
- Treasury Bonds: \[tex]$10,000 - Checking Account Balance: \$[/tex]19,419
- Home Value: \[tex]$194,450 #### Liabilities: - Car Loan: \$[/tex]10,560
- Student Loans: \[tex]$13,824 (to be paid off) - Credit Card Balance: \$[/tex]8,051

### Step 2: Calculate Total Assets
Sum up all the assets:
[tex]\[ \text{Total Assets} = 29,850 + 12,409 + 10,000 + 19,419 + 194,450 = 266,128 \][/tex]

### Step 3: Calculate Total Liabilities
Sum up all the liabilities but omit the student loan as it will be paid off:
[tex]\[ \text{Total Liabilities} = 10,560 + 8,051 = 18,611 \][/tex]

### Step 4: Calculate Net Worth
Subtract the total liabilities from the total assets to get the net worth after paying off the student loans:
[tex]\[ \text{Net Worth} = \text{Total Assets} - \text{Total Liabilities} = 266,128 - 18,611 = 247,517 \][/tex]

So, the banker's net worth after paying off the student loans is:
[tex]\[ \$247,517 \][/tex]

### Answer
Therefore, the correct option for the total net worth is:
[tex]\[ \$247,517 \][/tex]