Question 6 of 6 Desert Company invests its annual savings in different mutual funds. In 2014, they invested $13,500 in high-growth funds, $3,500 in medium-growth funds, and $6,000 in low-growth funds. If the value of their low growth funds dropped by 8.60% this year, while the rest stayed the same, by what percent did the total value of the investments change? 0.00 % Round to two decimal places

Question 6 of 6 Desert Company invests its annual savings in different mutual funds. In 2014, they invested $13,500 in high-growth funds, $3,500 in medium-growth funds, and $6,000 in low-growth funds. If the value of their low growth funds dropped by 8.60% this year, while the rest stayed the same, by what percent did the total value of the investments change? 0.00 % Round to two decimal places

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter17: Financial Markets

Section: Chapter Questions

Problem 25RQ: How is buying a house to live in a type of financial investment?

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