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 668 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?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

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 ...
This couple is sitting in the grand prize they won for participating in the Day of Conception and ... This couple is sitting in the grand prize they won for participating in the Day of Conception and ...
A rat pressing a lever to obtain rewarding brain stimulation. A rat pressing a lever to obtain rewarding brain stimulation.
Capital’s Share of Income in a Cross-Section of Countries Capital’s Share of Income in a Cross-Section of Countries
Saving Rate by Decile of Income per Capita Saving Rate by Decile of Income per Capita
Annual Earthquake Occurrence Annual Earthquake Occurrence
Video: Carbon fixing adaptations Animation

For a complete list of videos, visit our video library