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Jasmine Smith owns a condo worth $310,000, a car valued at $30,500, and miscellaneous assets worth $13,500. She owes $187,000 on the condo and $14,000

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Jasmine Smith owns a condo worth $310,000, a car valued at $30,500, and miscellaneous assets worth $13,500. She owes $187,000 on the condo and $14,000 on the car and has no other debts. Her retirement account, in which she is fully vested, contains $35,500 in mutual funds. She was just insured with a $630,000 term life insurance policy. What are her total assets? Multiple Choice $805,000 $175,000 $389,500 $818,500 Multiple Choice $805,000 $175,000 $389,500 $818,500 $202,500

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