Problem:
Katherine Kocher has determined the following information about her own financial situation. Her checking account is worth $500 and her savings account is worth $1,100. She owns her own home that has a market value of $107,000. She has furniture and appliances worth $12,000 and a home computer and laptop worth $3,600. She has a car worth $12,500. She has recently purchased a 2-year certificate of deposit worth $5,500 and has a retirement account worth $36,000.
Required:
Question 1: What is the value of her liquid assets?
Question 2: What is the value of her investment assets?
Note: Please explain comprehensively and give step by step solution.