Question 2 3 pts Jack and Diane have just completed their third annual set of...
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Finance
Question 2 3 pts Jack and Diane have just completed their third annual set of financial statements. They met in a personal finance class while in college and still remember their instructor's advice regarding the importance of knowing their financial condition and progress. Even before they got married, they decided that each year on February 14th they would update their cash- flow statement and their balance sheet. The following information is taken from their latest financial statements: Monetary assets $7,200 Tangible assets $42,300 Investment assets $9.025 Short-term liabilities $4,200 Long-term liabilities $25,600 Annual gross income $55,000 Annual take-home income $33,200 Annual expenses (including taxes and debt repayment) $48,900 Annual debt repayment $9.200 Calculate Jack and Diane's current net worth
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