Your client has a house worth $127599 a car worth $5500 a savings of $5450 and a retirement account worth $50000. They also have a car loan for $2000 a credit card balance of $1509 and a mortgage of $50000. Creating an assets and liabilities record, what is the total value of your clients assets?

Question

Your client has a house worth $127599 a car worth $5500 a savings of $5450 and a retirement account worth $50000. They also have a car loan for $2000 a credit card balance of $1509 and a mortgage of $50000. Creating an assets and liabilities record, what is the total value of your clients assets?
A. $134,950
B. $53,500
C. $241,950
D. $188,450

GPT 3.5 · Answer

The total value of the client's assets can be calculated by adding up the value of the house, car, savings, and retirement account:

$127,599 + $5,500 + $5,450 + $50,000 = $188,549

The correct answer is D. $188,450.