Solve the Problem. -Josie Invested $13,000 in Three Different Mutual Funds. a Fund

question 17

Multiple Choice

Solve the problem.
-Josie invested $13,000 in three different mutual funds. A fund containing large cap stocks made 5.7% return in 1 yr. A real estate fund lost 12.6% in 1 yr, and a bond fund made 3.5% in 1 yr. The
Amount invested in the large cap stock fund was twice the amount invested in the real estate fund. If
Josie had a net return of $162.50 across all investments, how much did she invest in the large cap
Fund?

• A) She invested $8,000 in the large cap fund.
• B) She invested $5,000 in the large cap fund.
• C) She invested $5,500 in the large cap fund.
• D) She invested $2,500 in the large cap fund.

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Definitions:

Elitist

Pertains to believing in or supporting a rule by an elite or select group considered to be superior in terms of ability, quality, or social status.

Community Minded

Having an interest and concern for the well-being and development of one's community.

Environmental Pressures

Forces or conditions within an environment that influence the survival, behavior, and evolution of organisms or groups.

Cultural Adaptation

involves adjusting and acclimatizing to a new culture, incorporating its practices and values while often maintaining aspects of one's original culture.