Your client has a house worth $127,500, a car worth $5,500, a savings of $5,450, and a retirement account worth $50,000. They also have a car loan for $2,000, a credit card balance of $1,500, and a mortgage of $50,000. Creating an assets and liabilities record, what is the total value of your client’s assets?(1 point)
Responses
$241,950
$241,950
$188,450
$188,450
$53,500
$53,500
$134,950
The total value of the client's assets is $134,950.
are you sure
Apologies for the confusion. Let's calculate the total value of the client's assets.
House worth: $127,500
Car worth: $5,500
Savings: $5,450
Retirement account: $50,000
Total assets = $127,500 + $5,500 + $5,450 + $50,000 = $188,450
Therefore, the correct answer is $188,450.