Homework Clinic

Mathematics Clinic => Grade 11 and 12 Mathematics => Topic started by: Arii_bell on Feb 28, 2021

Title: A retired couple has $150,000 to invest to obtain annual income. They want some of ...
Post by: Arii_bell on Feb 28, 2021: Solve the problem.

A retired couple has $150,000 to invest to obtain annual income. They want some of it invested in safe Certificates of Deposit yielding 7%. The rest they want to invest in AA bonds yielding 12% per year. How much should they invest in each to realize exactly $15,000 per year?
◦ $100,000 at 12% and $50,000 at 7%
◦ $80,000 at 7% and $70,000 at 12%
◦ $90,000 at 7% and $60,000 at 12%
◦ $90,000 at 12% and $60,000 at 7%
Title: A retired couple has $150,000 to invest to obtain annual income. They want some of ...
Post by: fffftttt on Feb 28, 2021: $90,000 at 12% and $60,000 at 7%
Title: Re: A retired couple has $150,000 to invest to obtain annual income. They want some of ...
Post by: JAYING _ on Oct 9, 2021: Wow thanks
Title: Re: A retired couple has $150,000 to invest to obtain annual income. They want some of ...
Post by: lele1 on Jun 26, 2022: Thankyou :)
Title: Re: A retired couple has $150,000 to invest to obtain annual income. They want some of ...
Post by: balfonstador on Sep 25, 2022: thank you
Title: Re: A retired couple has $150,000 to invest to obtain annual income. They want some of ...
Post by: naterey on Oct 14, 2022: thank you