What are their total liabilities

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Reference no: EM132061184

1. Mandy and Jeff have a net worth of $25,000 and total assets of $140,000. If their revolving credit and unpaid bills total $2,200, what are their total liabilities?

a. $115,000

b. $140,000

c. $142,200

d. $165,000

e. $167,200

2. If you invest $1,200 per year at the end of the year for 40 years at an 8% rate of return, you will have accumulated___?

a. $48,000

b. $51,840

c. $310,862

d. $379,000

e. $384,000

Reference no: EM132061184

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