Chloe Jones 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 $4,500 and she has a retirement account worth $62,300. What is the value of her investment assets?
Chloe Jones 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 $4,500 and she has a retirement account worth $62,300. What is the value of her investment assets?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
a. $171,900
b. $98,000
c. $2,050
d. $27,800
e. $66,800
Transcribed Image Text:Chloe Jones 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 $4,500 and she has a retirement account worth $62,300. What is the value of her investment
assets?
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