Mark has accumulated $52,627 in savings and wishes to invest this money sensibly. The types of investments and their corresponding percentages, recommended by a financial advisor, are shown in the following circle graph. Recommended Categories of Investment annuities 14 % stocks 16 % bonds 20% real estate 28.97% mutual funds 21.03 % Stop 1 of 5: Find the amount of money that Mark should invest in real estate. Round your answer to the nearest hundredth, if necessary.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.2: Representing Data
Problem 22PFA
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Mark has accumulated $52,627 in savings and wishes to invest this money sensibly. The types of investments and their corresponding percentages, recommended by a
financial advisor, are shown in the following circle graph.
Recommended Categories of Investment
annuities 14 %
stocks 16 %
bonds 20%
real estate 28.97%
mutual funds 21.03 %
Step 1 of 5: Find the amount of money that Mark should invest in real estate. Round your answer to the nearest hundredth, if necessary.
Transcribed Image Text:Mark has accumulated $52,627 in savings and wishes to invest this money sensibly. The types of investments and their corresponding percentages, recommended by a financial advisor, are shown in the following circle graph. Recommended Categories of Investment annuities 14 % stocks 16 % bonds 20% real estate 28.97% mutual funds 21.03 % Step 1 of 5: Find the amount of money that Mark should invest in real estate. Round your answer to the nearest hundredth, if necessary.
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