Ben owns a townhome valued at $ 195,000, but still owes $120,000 on the loan. ben has $5,000 in savings and balance of $1,400 on his credit cards. there is a balance of $20,000 owed on ben's car which is valued at $ 38,000. what is ben's net worth?

Net worth is the difference between assets and liabilities.

Assets - liabilities = net worth

Assets include
townhome valued at $ 195,000
savings 5000
Car 38000
Total=195,000+5,000+38,000
=238,000

Liabilities include
Loan owed 120000
Credit card 1400
owed on Ben's car 20000
Total=120,000+1,400+20,000
=141,400

Net worth=238,000−141,400=96,600