person plans to invest a total of $140,000 in a money market account, a bond fund, an international stock fund, ants 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 ternational stocks. Finally, she needs an annual return of $5,600. Assuming she gets annual returns of 2.5% on the money market account, 3.5% the bond fund, 4% on the international stock fund, and 6% on the domestic stock fund, how much should she put in each investment? The amount that should be invested in the money market account is S Type a whole number.) The amount that should be invested in the bond fund is $ (Type a whole number.) The amount that should be invested in the international stock fund is $ (Type a whole number.) The amount that should be invested in domestic stock fund is $ (Type a whole number.)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
A person plans to invest a total of $140,000 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 $5,600. 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?
The amount that should be invested in the money market account is $
(Type a whole number.)
The amount that should be invested in the bond fund is $
(Type a whole number.)
The amount that should be invested in the international stock fund is $
(Type a whole number.)
The amount that should be invested in domestic stock fund is $
(Type a whole number.)
Transcribed Image Text:A person plans to invest a total of $140,000 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 $5,600. 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? The amount that should be invested in the money market account is $ (Type a whole number.) The amount that should be invested in the bond fund is $ (Type a whole number.) The amount that should be invested in the international stock fund is $ (Type a whole number.) The amount that should be invested in domestic stock fund is $ (Type a whole number.)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education