12 Catherine has accumulated $480000 in savings and wishes to invest this money
ID: 3350897 • Letter: 1
Question
12 Catherine has accumulated $480000 in savings and wishes to invest this money sensibly. The types of investments and their corresponding percentages, recommended by a financial advisor, are shown in the following pie chart. Round-off your answers to the nearest hundredth. Step 1. Determine the amount of money that Catherine should invest in Bonds. 27% Stocks 16% Annuities 2% Real Estate 28% Bonds 17% Mutual Funds Answer: $ Step 2. Determine the amount of money that Catherine should invest in Stocks. Step 3. Determine the amount of money that Catherine should invest in Annuities. Step 4. Determine the amount of money that Catherine should invest in Real Estate Step 5. Determine the amount of money that Catherine should invest in Mutual Funds.Explanation / Answer
1) 28% of 480000
=28*480000/100=134400
2)27 % of 480000
27*480000/100=129600
3)
16% of 480000
16*480000/100=86400
4) 12% of 480000
=12*480000/100=57600
5) 17 % of 480000
=17*480000/100=81600
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