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Suppose that David's only assets are an automobile worth $10,000 and a checking account with a $5,000 balance- His only liabilities are a student loan balance of $12,000 and a balance of $9,000 on his car loan- What is his net worth?

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Suppose that David's only assets are an automobile worth $10,000 and a checking account with a $5,000 balance- His only liabilities are a student loan balance of $12,000 and a balance of $9,000 on his car loan- What is his net worth?






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