Patricia McDonald has determined the following information about her own financial situation. Her checking account is worth $650 and her savings account is worth $1,400. She owns her own home that has a market value of $100,000. She has furniture and appliances worth $14,000 and a laptop worth $3,400. She has a car worth $9,500 and owes $8,000 on her auto loan. She has also purchased some stock worth $5,300 and she has a retirement account worth $37,000. What is the total value of her assets? Multiple Choice $171,250 $172,650 $100,000 $172,000 $170.600
Patricia McDonald has determined the following information about her own financial situation. Her checking account is worth $650 and her savings account is worth $1,400. She owns her own home that has a market value of $100,000. She has furniture and appliances worth $14,000 and a laptop worth $3,400. She has a car worth $9,500 and owes $8,000 on her auto loan. She has also purchased some stock worth $5,300 and she has a retirement account worth $37,000. What is the total value of her assets? Multiple Choice $171,250 $172,650 $100,000 $172,000 $170.600
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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![Patricia McDonald has determined the following information about her own financial situation. Her checking account is worth $650 and her savings account is worth
$1,400. She owns her own home that has a market value of $100,000. She has furniture and appliances worth $14,000 and a laptop worth $3,400. She has a car
worth $9,500 and owes $8000 on her auto loan. She has also purchased some stock worth $5,300 and she has a retirement account worth $37,000. What is the
total value of her assets?
Multiple Choice
$171,250
$172,650
$100,000
$172,000
$170,600
C](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F919dfa1e-eb66-42b2-90da-3e36d173e49e%2F14ca4372-30e6-48a1-b80e-b2c646a8bf63%2F630j8j_processed.png&w=3840&q=75)
Transcribed Image Text:Patricia McDonald has determined the following information about her own financial situation. Her checking account is worth $650 and her savings account is worth
$1,400. She owns her own home that has a market value of $100,000. She has furniture and appliances worth $14,000 and a laptop worth $3,400. She has a car
worth $9,500 and owes $8000 on her auto loan. She has also purchased some stock worth $5,300 and she has a retirement account worth $37,000. What is the
total value of her assets?
Multiple Choice
$171,250
$172,650
$100,000
$172,000
$170,600
C
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