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Posted on Jul 13, 2024

11. [-14 Points] DETAILS TANFIN12 4.1.042. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Ashley has earmarked at most $650,000 for investment in three mutual funds:

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11. [-14 Points] DETAILS TANFIN12 4.1.042. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Ashley has earmarked at most $650,000 for investment in three mutual funds: a money market fund, an international equity fund, and a growth-and-income fund. The money market fund has a rate of return of 6%/year, the international equity fund has a rate of return of 10%/year, and the growth-and-income fund has a rate of return of 15%/year. Ashley has stipulated that no more than 25% of her total portfolio should be in the growth-and-income fund and that no more than 50% of her total portfolio should be in the international equity fund. To maximize the return on her investment, how much should Ashley invest in each type of fund? money market fund $ international equity fund $ growth-and-income fund $ What is the maximum return? $ Need Help? Read It Watch It Submit Answer 11. [-14 Points] DETAILS TANFIN12 4.1.042. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Ashley has earmarked at most $650,000 for investment in three mutual funds: a money market fund, an international equity fund, and a growth-and-income fund. The money market fund has a rate of return of 6%/year, the international equity fund has a rate of return of 10%/year, and the growth-and-income fund has a rate of return of 15%/year. Ashley has stipulated that no more than 25% of her total portfolio should be in the growth-and-income fund and that no more than 50% of her total portfolio should be in the international equity fund. To maximize the return on her investment, how much should Ashley invest in each type of fund? money market fund $ international equity fund $ growth-and-income fund $ What is the maximum return? $ Need Help? Read It Watch It Submit Answer 11. [-14 Points] DETAILS TANFIN12 4.1.042. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Ashley has earmarked at most $650,000 for investment in three mutual funds: a money market fund, an international equity fund, and a growth-and-income fund. The money market fund has a rate of return of 6%/year, the international equity fund has a rate of return of 10%/year, and the growth-and-income fund has a rate of return of 15%/year. Ashley has stipulated that no more than 25% of her total portfolio should be in the growth-and-income fund and that no more than 50% of her total portfolio should be in the international equity fund. To maximize the return on her investment, how much should Ashley invest in each type of fund? money market fund $ international equity fund $ growth-and-income fund $ What is the maximum return? $ Need Help? Read It Watch It Submit Answer 11. [-14 Points] DETAILS TANFIN12 4.1.042. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Ashley has earmarked at most $650,000 for investment in three mutual funds: a money market fund, an international equity fund, and a growth-and-income fund. The money market fund has a rate of return of 6%/year, the international equity fund has a rate of return of 10%/year, and the growth-and-income fund has a rate of return of 15%/year. Ashley has stipulated that no more than 25% of her total portfolio should be in the growth-and-income fund and that no more than 50% of her total portfolio should be in the international equity fund. To maximize the return on her investment, how much should Ashley invest in each type of fund? money market fund $ international equity fund $ growth-and-income fund $ What is the maximum return? $ Need Help? Read It Watch It Submit