Homework: Homework #1 Score: 0 of 1 pt 1.2.67 Save 19 of 32 (24 complete) Hw Sco

Question

Homework: Homework #1 Score: 0 of 1 pt 1.2.67 Save 19 of 32 (24 complete) Hw Score: 71.88%, 23 of 32 pts Skill Builder Question Help * Suppose that your long-lost Aunt Sara has left you an unexpected inheritance of $13,750. You have decided to invest the money rather than spend it on frivolous purchases. Your financial advisor has recommended that you diversify by placing some of the money in stocks and some in bonds. Based upon current market conditions, she has recommended that the amount in bonds should equal one-fourth of the amount invested in stocks. How much should be invested in stocks? How much should be invested in bonds? How much should be invested in stocks?

Explanation / Answer

Dear Student Thank you for using Chegg !! Principal Amount = 13750 $ Let the amount invested in bonds be x, and hence the amount invested in stocks is 4x Total Amount Invested = 5x = 13750 x = 2750 $ Amount invested in bonds = 2750 $ Amount invested in sto ks (4x ) = 11000 $ Solution

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