Jasmine Smith owns a condo worth $240,000,a car valued at $25,000,and miscellaneous assets worth $7,500.Her retirement account,in which she is fully vested,contains $27,500 in mutual funds.Her net worth is $145,000.What are her total liabilities?
A) $145,000
B) $155,000
C) $300,000
D) $445,000
E) $240,000
Correct Answer:
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