Katherine Kocher Has Determined the Following Information About Her Own

question 57

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 mutual fund worth $5,500 and she has a retirement account worth $38,550.What is the value of her personal possessions?

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

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Definitions:

Fiduciary

A person or organization that acts on behalf of another person or persons, putting their clients' interest ahead of their own, with a duty to preserve good faith and trust.

Strategic

Involving the careful planning and management of resources to achieve specific objectives and ensure long-term success.

Ethos of Transparency

A guiding principle that emphasizes openness, communication, and accountability, particularly within organizations and institutions.

Continuous Learning

The ongoing pursuit of knowledge and skills to improve one's competencies, adapt to changes, and foster personal and professional growth.