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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 $134,950 $134,950 $188,450 $188,450 $53,500

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To calculate the total value of your client's assets, we need to sum the values of all their assets:

  1. House: $127,500
  2. Car: $5,500
  3. Savings: $5,450
  4. Retirement account: $50,000

Now, we add these values together:

\[ Total\ Assets = House + Car + Savings + Retirement\ Account \] \[ Total\ Assets = 127,500 + 5,500 + 5,450 + 50,000 \] \[ Total\ Assets = 188,450 \]

So, the total value of your client's assets is $188,450.