You Invested a Total of $6,800 in Three Funds at the Beginning

question 16

Multiple Choice

You invested a total of $6,800 in three funds at the beginning of 2003, including an equal amount in PNF and CMBFX. You earned a total of $407 in interest for the year. How much did you invest in each of the three funds Use the data given in the figure below. $$\begin{array} { | l | l | } \hline & 2003 \text { Yield } \\\hline \text { PNF (Pimco N. Y.) } & 6 \% \\\hline \text { CMBFX (Columbia Ore) } & 5 \% \\\hline \text { SFCOX } & 7 \% \\\hline\end{array}$$

• A)PNF (Pimco N. Y.): $2,500 CMBFX (Columbia Ore): $2,500
• SFCOX : $2,200
• B) PNF (Pimco N. Y.): $2,500
• CMBFX (Columbia Ore): $2,500
• SFCOX : $1,800
• C) PNF (Pimco N. Y.): $2,200
• CMBFX (Columbia Ore): $2,200
• SFCOX : $2,400
• D) PNF (Pimco N. Y.): $2,300
• CMBFX (Columbia Ore): $2,300
• SFCOX : $2,200
• E) PNF (Pimco N. Y.): $2,300
• CMBFX (Columbia Ore): $2,300
• SFCOX : $1,800

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Definitions:

Pioneers

Individuals who are among the first to explore or settle a new country or area.

19th Century

The 19th Century denotes the period from January 1, 1801, to December 31, 1900, marked by significant cultural, social, and technological changes worldwide.

Settle

To resolve or reach an agreement on a dispute or conflict; also, to establish a residence or community in a new area.

President Polk

James K. Polk, the 11th President of the United States, known for his role in the expansion of the U.S. territory, including the annexation of Texas and the Mexican-American War.