Devon invested $7000 in three different mutual funds. A fund containing large cap stocks made a 4.2% return in 1 yr. A r

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
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

Post by answerhappygod »

Devon Invested 7000 In Three Different Mutual Funds A Fund Containing Large Cap Stocks Made A 4 2 Return In 1 Yr A R 1
Devon Invested 7000 In Three Different Mutual Funds A Fund Containing Large Cap Stocks Made A 4 2 Return In 1 Yr A R 1 (67.11 KiB) Viewed 36 times
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!
Post Reply