Mark has accumulated $52,627 in savings and wishes to invest this money sensibly. The types of investments and their corresponding percentages, recommended by a financial advisor, are shown in the following circle graph. Recommended Categories of Investment annuities 14 % stocks 16 % bonds 20% real estate 28.97% mutual funds 21.03% Step 4 of 5: Find the amount of money that Mark should invest in bonds. Round your answer to the nearest hundredth, if necessary.

Elementary Geometry For College Students, 7e
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Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
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Chapter8: Areas Of Polygons And Circles
Section8.4: Cicumference And Area Of A Cicle
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Mark has accumulated $52,627 in savings and wishes to invest this money sensibly. The types of investments and their corresponding percentages, recommended by a
financial advisor, are shown in the following circle graph.
Recommended Categories of Investment
annuities 14 %
stocks 16 %
bonds 20 %
real estate 28.97%
mutual funds 21.03 %
Step 4 of 5: Find the amount of money that Mark should invest in bonds. Round your answer to the nearest hundredth, if necessary.
Transcribed Image Text:Mark has accumulated $52,627 in savings and wishes to invest this money sensibly. The types of investments and their corresponding percentages, recommended by a financial advisor, are shown in the following circle graph. Recommended Categories of Investment annuities 14 % stocks 16 % bonds 20 % real estate 28.97% mutual funds 21.03 % Step 4 of 5: Find the amount of money that Mark should invest in bonds. Round your answer to the nearest hundredth, if necessary.
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