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  3. your current net worth is $10,000. the following t

Your current net worth is $10,000. The following transactions occur: pay expenses of $1,000 and...

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Accounting

Your current net worth is $10,000. The following transactions occur: pay expenses of $1,000 and reduce a student loan principal of $3,000. How much will you be worth after the transactions?

a. $12,000

b. $9,000

c. $6,000

d. $7,000

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