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(Solved): What is the applicants outside net worth if she is fully guaranteeing a $50,000 loan to a busines ...



What is the applicant’s outside net worth if she is fully guaranteeing a $50,000 loan to a business that she owns, and the business is valued at $200,000 on her personal financial statement? Her personal financial statement also lists total assets of $2,000,000 and total liabilities of $1,500,000.



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Based on the information provided, the applicant's outside net worth can be calculated as follows:
Total assets on the personal financial statement: $2,000,000
Total liabilities on the personal financial statement: $1,500,000
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