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

Author Question: Don James wants to invest $58,000 to earn $5990 per year. He can invest in bonds ... (Read 498 times)

beccaep

  • Hero Member
  • *****
  • Posts: 535
on: Feb 28, 2021
Solve the problem.

Don James wants to invest $58,000 to earn $5990 per year. He can invest in bonds paying per year or in a Certificate of Deposit (CD) paying per year. How much money should be invested in each to realize exactly $5990 in interest per year?
◦ $28,000 in B-rated bonds and $30,000 in a CD
◦ $31,000 in B-rated bonds and $27,000 in a CD
◦ $27,000 in B-rated bonds and $31,000 in a CD
◦ $30,000 in B-rated bonds and $28,000 in a CD
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 beccaep on Feb 28, 2021

tdewitt

  • Sr. Member
  • ****
  • Posts: 318
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 45% of students answer this correctly


beccaep

  • Member
  • Posts: 535
Reply 2 on: Feb 28, 2021
Thanks for the timely response, appreciate it

adammoses97

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
20,000 year old spotted hyena painting from the Chauvet Cave, France 20,000 year old spotted hyena painting from the Chauvet Cave, France
A 100-Year Flood Map of Montpelier, Vermont A 100-Year Flood Map of Montpelier, Vermont
Average Number of Days per Year with Thunderstorms Average Number of Days per Year with Thunderstorms
Chemical Bonds Chemical Bonds
How to calculate invest at each rate How to calculate invest at each rate
Video: Carbon fixing adaptations Animation

For a complete list of videos, visit our video library