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The following data pertains to the household of Mary and John at the end of the year:
Assets
Liabilities
House
$250,000
Mortgage loan
$200,000
Stocks and bonds
40,000
Credit card debt
10,000
Money
2,000
Car loan
5,000
Furniture
Car
13,000
Savings account
Calculate the sum of real assets and financial assets and total assets of the household.
Calculate the total liabilities and the net worth of the household.
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