Alice pays a monthly rent of $1,200 for an apartment. She bought a new car which is an asset worth $20,000, but she still owes $15,000 on her car loan. Since Alice is just starting out in her career, she has $600 in her 401(k) and $1,950 in her savings account. She has a student loan of $50,000. She has $4,000 in credit card debt.
Using the given information, calculate Alice's net worth.
a.) Alice has a net worth of −$37,650.
b.) Alice has a net worth of −$47,650.
c.) Alice has a net worth of $22,550.
d.) Alice has a net worth of $70,200.