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Brad and Angie Own a Nice House Worth $400,000

Question 13

Multiple Choice

Brad and Angie own a nice house worth $400,000. They have two cars worth $20,000 each, and $5,000 in the bank. They recently borrowed $100,000 on their house in order to send their daughter, Jennifer, to college. They also gave Jennifer a credit card for her expenses, and the balance is now $10,000. How much wealth do Brad and Angie have?


A) $330,000
B) $445,000
C) $110,000
D) $525,000

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