Mathematics

Anne Levy

27 November, 00:30

You save $15,000.00. You place one-third in a savings account earning a 4.6% APR compounded annually. You then invest one quarter of the remaining balance in a 3-year U. S. Treasury bond earning a 5.2% APR compounded annually and the rest in a stock plan. Your stock plan increases in value 3% the first year, decreases 8% in value the second year, and increases 6% in value the third year. What is the total gain on your original saved amount? $1,260.70 $1,297.31 $1,166.28 $915.33