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August 27, 2014

Homework Help: Pre-Calc

Posted by Pauline on Saturday, September 24, 2011 at 10:21pm.

Ana Colon asks her broker to divide her 401K investment of $2000 among the International Fund, the Fixed Assets Fund, and the company stock. She decides that her investment in the International Fund should be twice her investment in company stock. During the first quarter, the International Fund earns 4.5%, the Fixed Assets Fund Earns 2.6%, and the company stock falls 0.2%. At the end of the first quarter, Ms. Colon receives a statement indicating a return of $58 on her investment. How did the broker divide Ms. Colon's initial investment?

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