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.)

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
Chapter13: Investing In Mutual Funds, Etfs, And Real Estate
Section: Chapter Questions
Problem 7FPE
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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.)
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