Now, it's time for you to determine Nancy Young's net worth. Nancy is a hypothetical college student with all the assets and liabilities of someone in her position. She has a car and some personal possessions, including a rather expensive violin that she plays in the university symphony. She also has some debts including credit cards and some loans.

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What's Nancy's total net worth? Is she solvent or insolvent? If she's solvent, what can she do to continue to improve her net worth? If she's insolvent, what does she need to do to get out of the “red”?

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