1. Mandy and Jeff have a net worth of $25,000 and total assets of $140,000. If their revolving credit and unpaid bills total $2,200, what are their total liabilities?
a. $115,000
b. $140,000
c. $142,200
d. $165,000
e. $167,200
2. If you invest $1,200 per year at the end of the year for 40 years at an 8% rate of return, you will have accumulated___?
a. $48,000
b. $51,840
c. $310,862
d. $379,000
e. $384,000