To determine the value of the liquid assets, we first need to identify which assets from the given list are considered liquid. Liquid assets are those that can easily be converted to cash without significant loss of value.
From the given list of assets, the typical liquid assets include:
- Retirement Portfolio: \[tex]$891,418
- Investments: \$[/tex]228,574
- Car Value: \[tex]$51,950
We sum up these values to find the total value of the liquid assets:
1. \( \text{Retirement Portfolio} = \$[/tex]891,418 \)
2. [tex]\( \text{Investments} = \$228,574 \)[/tex]
3. [tex]\( \text{Car Value} = \$51,950 \)[/tex]
Now, let's calculate the total value of the liquid assets:
[tex]\[ 891,418 + 228,574 + 51,950 = 1,171,942 \][/tex]
Thus, the total value of the liquid assets is \[tex]$1,171,942. Among the given options, this matches with the closest amount listed, which confirms the value of liquid assets.
Therefore, the correct value of the liquid assets is:
\[ \$[/tex]1,171,942 \]
