What are her total assets

Reference no: EM133615861

Problem: Kim Jae-Yun owns a condo worth $250,000, a car valued at $15,000, and miscellaneous assets worth $7,000. She owes $125,000 on the condo and $10,000 on the car and has no other debts. Her retirement account, in which she is fully vested, contains $28,000 in mutual funds. She was just insured with a $200,000 term life insurance policy. What are her total assets?

Reference no: EM133615861

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