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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 399 Weeks Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Ana Colón asks her broker to divide her 401K investment of $2000 among the International Fund, the Fixed Assets Fund, and company stock. She decides that her investment in the International Fund should be twice her investment in company stock. During the first quarter, the International Fund earns 4.5%, the Fixed Assets Fund earns 2.6%, and the company stock falls 0.2%. At the end of the first quarter, Ms. Colón receives a statement indicating a return of $58 on her investment. How did the broker divide Ms. Colón’s initial investment?
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