owing information, pick a mutual fund category that you consider suitable Etor described and justify your choice: ear-old single investor with a new job hat pays $48,000 a year. Mutual fund category: Why? ear-old single parent with three children who has just received a $450,000 e settlement, has no job, and has not worked outside the home for the past S. Mutual fund category: Why? band and wife who are both in their late 60s and retired. Mutual fund category: Why? i on your age and current financial situation, which type of mutual fund 5 appropriate for your investment needs? 15 16 17 Using the following information, pick a mutual fund category that you consider suitable for each investor described and justify your choice: a) A 23-year-old single investor with a new job hat pays $48,000 a year. a. Mutual fund category: b. Why? b) A 45-year-old single parent with three children who has just received a $450,000 divorce settlement has no job, and has not worked outside the home for the past 5 years. a. Mutual fund category: b. Why? c) A husband and wife who are both in their late 60s and retired. a. Mutual fund category: b. Why? d) Based on your age and current financial situation, which type of mutual fund seems appropriate for your investment needs? a. Mutual fund category: b. Why? e) Assume you are now 60 years of age and have accumulated $400,000 in a retirement account. Also, assume you would like to retire when you are 70. What types of mutual funds would you choose to help you reach your investment goals? a. Mutual fund category: TAL