Jasmine Smith Owns a Condo Worth $240,000, a Car Valued

question 22

Multiple Choice

Jasmine Smith owns a condo worth $240,000, a car valued at $25,000, and miscellaneous assets worth $7,500. She owes $185,000 on the condo and $15,000 on the car and has no other debts. Her retirement account, in which she is fully vested, contains $27,500 in mutual funds. She is insured with a $500,000 term life insurance policy. What is her net worth?

• A) $92,500
• B) $100,000
• C) $115,000
• D) $592,500
• E) $600,000

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Definitions:

Trochlear

Refers to the fourth cranial nerve or its associated muscle, involved in eye movement.

Autonomic Reflex

A bodily reflex mediated by the autonomic nervous system that regulates the function of internal organs, such as heart rate and digestion, without conscious effort.

Pupillary Light

The reflex change in pupil size in response to changes in light intensity, which is vital for protecting the retina and adapting vision to varying light conditions.

Trigeminal

Pertaining to the fifth cranial nerve, which is responsible for sensation in the face and motor functions such as biting and chewing.