Mandy has determined the following information about her own financial situation. Her checking account is worth RM850 and her savings account is worth RM1,200. She owns her own home that has a market value of RM98,000. She has furniture and appliances worth RM12,000 and a home computer and laptop worth RM3,300. She has a motorcycle worth RM12,500 and owes RM7,800 on her auto loan. She has also purchased some stock worth RM5,500 and she has a retirement account worth RM38,550. What is the total value of her assets? а. RM27,800 b. RM44,050 С. RM98,000 d. RM171,900
Mandy has determined the following information about her own financial situation. Her checking account is worth RM850 and her savings account is worth RM1,200. She owns her own home that has a market value of RM98,000. She has furniture and appliances worth RM12,000 and a home computer and laptop worth RM3,300. She has a motorcycle worth RM12,500 and owes RM7,800 on her auto loan. She has also purchased some stock worth RM5,500 and she has a retirement account worth RM38,550. What is the total value of her assets? а. RM27,800 b. RM44,050 С. RM98,000 d. RM171,900
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
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Transcribed Image Text:Mandy has determined the following
information about her own financial situation.
Her checking account is worth RM850 and
her savings account is worth RM1,200. She
owns her own home that has a market value
of RM98,000. She has furniture and
appliances worth RM12,000 and a home
computer and laptop worth RM3,300. She
has a motorcycle worth RM12,500 and owes
RM7,800 on her auto loan. She has also
purchased some stock worth RM5,500 and
she has a retirement account worth
RM38,550. What is the total value of her
assets?
а.
RM27,800
b.
RM44,050
С.
RM98,000
d.
RM171,900
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