Question

Daniel has $600 in a checking account, has $12,000 in a savings account, owns a $12,000 car, and owns a $35,000 house. What is the total value of his large assets?

Answer 1

The total value of his large assets is $42,000.

What is large assest value?

Asset size is the total market value of the securities in a fund. It can also be referred to as assets under management.

Daniel has $5000 in a savings account, has $7000 in investments, owns a $10,000 car, and owns a $32,000 house.

The total value of his large assets is determined in the following steps given below.

Large asesst = House + Car

Large assest = 32000 + 10000

Large assest = 42000

Hence, the total value of his large assets is $42,000.