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 3761 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?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Annual net primary productivity on Earth. Annual net primary productivity on Earth.
Chinese officials have become concerned about the lopsided gender ratio that their “one couple, ... Chinese officials have become concerned about the lopsided gender ratio that their “one couple, ...
Per capita annual alcohol consumption (2005) Per capita annual alcohol consumption (2005)
Relationship between Income Inequality and Sociopolitical Instability Relationship between Income Inequality and Sociopolitical Instability
Relationship between Income per Capita and Population Growth Relationship between Income per Capita and Population Growth
Jawad makes semi-annual contributions of $2000 starting on his 27th birthday. How much will he ... Jawad makes semi-annual contributions of $2000 starting on his 27th birthday. How much will he ...
Video: Glycolysis - Introduction to ATP and the burning of sugar

For a complete list of videos, visit our video library