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a. How is net worth calculated? b. What is the meaning of the statement that your...

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Finance

a. How is net worth calculated?

b. What is the meaning of the statement that your net worth isthe equity you have in your own life?

Answer & Explanation Solved by verified expert
3.9 Ratings (438 Votes)
Part a Net worth Total assets you own Total liabilities you owe Thus net worth is your worth left after taking care of all your liabilities Its something like if all the    See Answer
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a. How is net worth calculated?b. What is the meaning of the statement that your net worth isthe equity you have in your own life?

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