Kendall, age 25, contributes $160 per month to a 401(k) retirement plan. It will be many years before she needs the money, so she can afford to take some risks. She has allocated 80% to a stock fund, 12% to a bond fund, and 8% to a money market fund. How many dollars are going to each fund?

Answer rating: 100% (QA)

To calculate how many dollars are going to each fund based on Kendalls alloca... View the full answer