Katherine Kocher Has Determined the Following Information About Her Own

question 76

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 personal assets?

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

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Definitions:

Electrical Charges

A fundamental property of matter that causes it to experience a force when placed in an electromagnetic field. There are two types: positive and negative.

Emptiness

In philosophic and spiritual contexts, a concept highlighting the absence of inherent existence or essence in phenomena; in everyday use, the state of being empty.

Eddington

Sir Arthur Stanley Eddington was a British astronomer, physicist, and mathematician known for his work in astrophysics and for his popular science writings.

Substances

Material or matter with distinct physical properties, forming the fundamental components of the physical universe.