Katherine Kocher has determined the following information about her own financial situation.Her checking account is worth $850 and her savings account is worth $1,200.She owns her own home that has a market value of $98,000.She has furniture and appliances worth $12,000 and a home computer and laptop worth $3,300.She has a car worth $12,500.She has recently purchased a mutual fund worth $5,500 and she has a retirement account worth $38,550.What is the total value of her assets?

Question

Quizplus · Accepted Answer

Total value of assets = Checking account + Savings account + Home value + Furniture and appliances + Home computer and laptop + Car + Mutual fund + Retirement account
= $850 + $1,200 + $98,000 + $12,000 + $3,300 + $12,500 + $5,500 + $38,550
= $171,900
Therefore, the correct answer is E) $171,900.

Katherine Kocher Has Determined the Following Information About Her Own