Question

Catherine Jones has determined the following information about her own financial situation. Her checking account is worth $500 and her savings account is worth $900. 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 an annuity worth $5,500 and she has a retirement account worth $38,550. What is the value of her liquid assets

Answer 1

Answer:

$1,400

Explanation:

Calculation to determine the value of her liquid assets

Using this formula

Liquid Assets value =Checking account worth +Savings account worth

Let plug in the formula

Liquid Assets value=$500+$900

Liquid Assets value=$1,400

Therefore the value of her liquid assets is $1,400