If your net worth is 50,000 and you pay off your student loan from your savings account how will your net worth statement be aff

Question

bazaltina [42]

2 years ago

7

If your net worth is 50,000 and you pay off your student loan from your savings account how will your net worth statement be aff

ected?

Mathematics

1 answer:

Zinaida [17] · Answer 1 · 2022-06-11T12:49:23+03:00

Zinaida [17]2 years ago

5 0

You net worth will decrease because you’re paying a loan from the money that you have. While your net worth decreases your liabilities will decrease because you will no longer have a loan to pay for.