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Question 1: You have $10,000 in cash savings, a car worth $8,000 and other assets worth $5,000. You also owe $2,000 against your car loan and $6,000 relating to your credit card and student loan. If you were to earn your salary of $3,000 and reduce the car loan principal by $1,000, how much would you be worth?

Reference no: EM132580601

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