The rate is currently 7%, and Ann anticipates that it will stay the same or go up or down by at most two points. The various investment alternatives plus their returns ($10,000s), given the interest rate changes, are shown in the following table: Interest Rate Investment 5% 6% 7% 8% 9% Money market fund Stock growth fund Bond fund 2 3.1 4 4.3 5 -3 -2 2.5 4 6 5 3 3 Government fund 4 3.6 3.2 3 2.8 Risk fund -9 -4.5 1.2 8.3 14.7 3.5 Savings bonds 3 3 3.2 3.4 Determine the best investment, using the following decision criteria.
The rate is currently 7%, and Ann anticipates that it will stay the same or go up or down by at most two points. The various investment alternatives plus their returns ($10,000s), given the interest rate changes, are shown in the following table: Interest Rate Investment 5% 6% 7% 8% 9% Money market fund Stock growth fund Bond fund 2 3.1 4 4.3 5 -3 -2 2.5 4 6 5 3 3 Government fund 4 3.6 3.2 3 2.8 Risk fund -9 -4.5 1.2 8.3 14.7 3.5 Savings bonds 3 3 3.2 3.4 Determine the best investment, using the following decision criteria.
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.9: Independent And Dependent Events
Problem 3C
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