QUESTION 3
As a student, you own a car (worth R30000), cell phone
(R1500) and a second-hand fridge (R2 500). You owe R5 000
on the car and R1000 on the fridge. Your phone was a present
from your parents. You get a monthly income of R7000/month
from your parents and your expenditure per year is R75000.
Calculate your net worth
Calculate your personal inflow per month
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