This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A retired couple has $150,000 to invest to obtain annual income. They want some of ... (Read 651 times)

Arii_bell

  • Hero Member
  • *****
  • Posts: 596
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%
Precalculus ¦ Sullivan ¦ 10th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Arii_bell on Feb 28, 2021

fffftttt

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Feb 28, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


JAYING _

  • Newbie
  • *
  • Posts: 1
Reply #2 on: Oct 9, 2021
Wow thanks


lele1

  • Newbie
  • *
  • Posts: 1
Reply #3 on: Jun 26, 2022
Thankyou :)


balfonstador

  • Newbie
  • *
  • Posts: 1
Reply #4 on: Sep 25, 2022
thank you


naterey

  • Newbie
  • *
  • Posts: 1
Reply #5 on: Oct 14, 2022
thank you


« previous next »
 

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Wild chimpanzees make and use simple tools to obtain food, learning tool making from one another. Wild chimpanzees make and use simple tools to obtain food, learning tool making from one another.
Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
Race-Ethnicity and Income Extremes Race-Ethnicity and Income Extremes
Homeschooling has come a long way. These children are performing in a musical at the annual ... Homeschooling has come a long way. These children are performing in a musical at the annual ...
Relationship between Latitude and Income per Capita Relationship between Latitude and Income per Capita
Mishu wants to invest an inheritance of $20,000 for one year. His credit union offers 8.85% for ... Mishu wants to invest an inheritance of $20,000 for one year. His credit union offers 8.85% for ...
Video: Virtual Tour of the Heart

For a complete list of videos, visit our video library