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 2-year certificate of deposit worth $5,500 and she has a retirement account worth $38,550. What is the total value of her assets?

Question

Quizplus · Accepted Answer

The total value of her assets is calculated by adding all her assets: $850 (checking) + $1,200 (savings) + $98,000 (home) + $12,000 (furniture and appliances) + $3,300 (computer and laptop) + $12,500 (car) + $5,500 (certificate of deposit) + $38,550 (retirement account) = $171,900.

Katherine Kocher Has Determined the Following Information About Her Own