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Ricardo, age 55, wants to retire in seven years. For that reason, he puts more of his money into less risky investments. His asset allocation
Ricardo, age 55, wants to retire in seven years. For that reason, he puts more of his money into less risky investments. His asset allocation is 55% stocks, 35% bonds, and 10% cash. If his investments total $200,000, how much money is in each asset class?
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