Devon invested $7000 in three different mutual funds. A fund containing large cap stocks made a 4.2% return in 1 yr. A r
-
answerhappygod
- Site Admin
- Posts: 899604
- Joined: Mon Aug 02, 2021 8:13 am
Devon invested $7000 in three different mutual funds. A fund containing large cap stocks made a 4.2% return in 1 yr. A r
Devon invested $7000 in three different mutual funds. A fund containing large cap stocks made a 4.2% return in 1 yr. A real estate fund lost 14.9% in 1 yr, and a bond fund made 4.3% in 1 yr. The amount invested in the large cap stock fund was three times the amount invested in the real estate fund. If Devon had a net return of $106 across all investments, how much did he invest in each fund? in the large cap fund, $ in the real estate fund, and $ in the Devon invested $ bond fund.
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!