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For the following word problem make sure to show steps 2 5 from problem 8 A person plans to invest a total of $100000 i 9 For the following word problem make sure to show steps 2 5 from


9. For the following word problem, make sure to show steps 2-5 from problem 8: A person plans to invest a total of $100,000 i 9. For the following word problem, make sure to show steps 2-5 from problem 8: A person plans to invest a total of $100,000 in a money market account, a bond fund, an international stock fund, and a domestic stock fund. She wants 60% of her investment to be conservative (money market and bonds). She wants the amount in domestic stocks to be 4 times the amount in international stocks. Finally, she needs an annual return of $4,000. Assuming she gets annual returns of 2.5% on the money market account, 3.5% on the bond fund, 4% on the international stock fund, and 6% on the domestic stock fund, how much should she put in each investment?

 

May 18 2020 View more View Less

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