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A-Asset is a item with economic value
L-Liability is a obligation to pay a debt/bill
NW-Net Worth is the part of something that you own
Value-$700 (25%)
Value-18,987 (75%)
Value- 265,000 (10%)
Bank owns-$525
Bank owns -$26,500
I own -$4746.75
I Own-238,500
Bank owns -$14,240.25
I own -$175
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