Array intends to allocate her savings into various types of financial investments. She has $110,900 to invest in stocks, bonds, and mutual funds according to her chosen ratio 2 13 9 : : respectively. How much should 15 11 1 she invest in each type of investment? Round

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter15: Mutual And Exchange Traded Funds
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Array intends to allocate her savings into
various types of financial investments. She has
$110,900 to invest in stocks, bonds, and mutual
funds according to her chosen ratio
2 13 9
:
15 11 1 respectively. How much should
she invest in each type of investment? Round
your answers to the nearest dollar.
Stocks: $
Bonds: $
Mutual Funds: $
Transcribed Image Text:Array intends to allocate her savings into various types of financial investments. She has $110,900 to invest in stocks, bonds, and mutual funds according to her chosen ratio 2 13 9 : 15 11 1 respectively. How much should she invest in each type of investment? Round your answers to the nearest dollar. Stocks: $ Bonds: $ Mutual Funds: $
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