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Investing The average annual returns ( over the 5 - year period prior to December 3 1 , 2 0 0 9 ) of two

Investing The average annual returns (over the
5
-year period prior to December 31,2009) of two mutual funds are shown in the table:
Mutual Funds Average Annual Returns
Mid Cap Growth Fund
4.57
%
Bond Fund
6.39
%
Source: Vanguard
You have
$
8000
to invest in these two funds. Assuming the accounts will continue to earn the annual rates shown, how much should you invest for a year in each fund if you expect your average return to be
5
%
? Carry out all calculations with four decimal places and round the final answer to two decimal places.
5.5
%
? Carry out all calculations with four decimal places and round the final answer to two decimal places.
6
%
? Carry out all calculations with four decimal places and round the final answer to two decimal places.

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