In this video Professor Parker shows how to solve a combined investment problem. This process is discussed in the context of Ujamaa (Cooperative Economics).

"Some good folks on the SouthSide of Chicago decided to start pooling resources in order to start a grocery store co-op. They raised $60,000 and want to earn a $3,200 return on the investment in a certain period of time. The funds will be allocated between a money market account earning a 4% return and a mutual fund earning a 6% return.

How much of the original investment needs to be allocated into each investment vehicle in order to earn the $3,200 return?"

#allthismath #histematics #algebra #addition #arithmetic #math #multiplication #maths #blackhistory #history #hbcu #hbcusmatter #norfolkstate #mikevick #personalfinance #percentages #kwanzaa #ujamaa #chicago #education #equation

свернуть