A person plans to invest a total of $70,000 in a money market account, a bond fund, an international stock fund, and a domestic stock fund. She wants 60% of her investment to be conservative (money market and bonds). She wants the amount in domestic stocks to be 4 times the amount in international stocks. Finally, she needs an annual return of $2,800. 

Assuming she gets annual returns of 2.5% on the money market account, 3.5% on the bond fund, 4% on the international stock fund, and 6% on the domestic stock fund, how much should she put in each investment?

Answer rating: 100% (QA)

SOLUTION To solve this problem we can start by setting up a system of equations to represent the constraints and the goal Let x be the amount invested in the money market account y be the amount inves... View the full answer