Katherine Kocher has determined the following information about her own financia

Question

Katherine Kocher has determined the following information about her own financial situation. Her checking account is worth $500 and her savings account is worth $1,100. She owns her own home that has a market value of $107,000. She has furniture and appliances worth $12,000 and a home computer and laptop worth $3,600. She has a car worth $12,500. She has recently purchased a 2-year certificate of deposit worth $5,500 and has a retirement account worth $36,000.

What is the value of her liquid assets?

What is the value of her investment assets?

Katherine Kocher has determined the following information about her own financial situation. Her checking account is worth $500 and her savings account is worth $1,100. She owns her own home that has a market value of $107,000. She has furniture and appliances worth $12,000 and a home computer and laptop worth $3,600. She has a car worth $12,500. She has recently purchased a 2-year certificate of deposit worth $5,500 and has a retirement account worth $36,000.

What is the value of her liquid assets?

What is the value of her investment assets?

Explanation / Answer

Hi,

Please find the answer as follows:

Liquid Assets = 500 (Balance in Checking Account) + 1100 (Balance in Savings Account) = 1600

Investment Assets = 5500 (Investment in Certficate of Deposit) + 36000 (Balance in Retirement Account) = 41500

Thanks.

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