Katherine Kocher Has Determined the Following Information About Her Own

question 85

Multiple Choice

Katherine Kocher 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 2-year certificate of deposit worth $5,500 and she has a retirement account worth $38,550. What is the value of her real estate assets?

• A) $2,050
• B) $98,000
• C) $27,800
• D) $44,050
• E) $171,900

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Definitions:

Refined and Developed

The process of improving and evolving an idea, product, or skill through careful analysis, enhancement, and growth activities, often resulting in higher quality and effectiveness.

Brainstorming Method

A creative idea-generation strategy used by teams to solve problems or generate innovation by encouraging open and uninhibited participation from all members.

Stimulating Creativity

The process or actions taken to inspire inventive thinking, novel ideas, and creative solutions in individuals or groups.

Brainstorming Session

a collaborative meeting aimed at generating ideas or solving problems in a creative and non-judgmental environment.