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

Question 8

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. 2003 Yield  PNF (Pimco N. Y.)  6% CMBFX (Columbia Ore)  5% SFCOX 7%\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

Correct Answer:

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