Array intends to allocate her savings into various types of financial investments. Shehas $191,000 to invest in stocks, bonds, and mutual funds according to her chosen13 8 1ratio :14 34 respectively. How much should she invest in each type of investment?Round your answers to the nearest dollar.Stocks: $Bonds: $Mutual Funds: $

We need to solve ratio first and allocate funds according to that ratio.

Array intends to allocate her savings into various types of financial investments. She has $191,000 to invest in stocks, bonds, and mutual funds according to her chosen 13 8 1 ratio : : respectively. How much should she invest in each type of investment? 14 3 4 Round your answers to the nearest dollar. Stocks: $ Bonds: $

Array intends to allocate her savings into various types of financial investments. She has $191,000 to invest in stocks, bonds, and mutual funds according to her chosen 13 8 1 ratio : : respectively. How much should she invest in each type of investment? 14 3 4 Round your answers to the nearest dollar. Stocks: $ Bonds: $

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter4: Managing Your Cash And Savings

Section: Chapter Questions

Problem 8FPE: Determining the right amount of short-term, liquid investments. Ella and Aaron Martin together earn...

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