1. Three years ago, Mary Applegates mutual fund portfolio was worth $410,000. Now, the total value of...

Question:

1. Three years ago, Mary Applegate’s mutual fund portfolio was worth $410,000. Now, the total value of her investment portfolio has decreased to $296,000. Even though she has lost a significant amount of money, she has not changed her investment holdings, which consist of either aggressive growth funds or growth funds.

a. How much money has Ms. Applegate lost in the last three years?

b. Given the above information, calculate the percentage of lost value.

c. What actions would you take to get your investment back in shape if you were Mary Applegate?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Focus On Personal Finance

ISBN: 9781259919657

6th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

Question Posted: