Homework answers / question archive / Jasmine Smith owns a condo worth $275,000, a car valued at $34,000, and miscellaneous assets worth $11,000

Jasmine Smith owns a condo worth $275,000, a car valued at $34,000, and miscellaneous assets worth $11,000

Finance

Share With

Jasmine Smith owns a condo worth $275,000, a car valued at $34,000, and miscellaneous assets worth $11,000. She owes $188,000 on the condo and $11,500 on the car and has no other debts. Her retirement account, in which she is fully vested, contains $27,500 in mutual funds. She was just insured with a $590,000 term life insurance policy. What are her total assets?