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 653 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 average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

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 ...
Most Americans obtain their drinking water from a community water system Most Americans obtain their drinking water from a community water system
Simultaneous Determination of Income and Modernization Simultaneous Determination of Income and Modernization
Income Distribution in the United States, 2009 Income Distribution in the United States, 2009
Intergenerational Income Mobility in the United States Intergenerational Income Mobility in the United States
Infant mortality by income quintile, urban Canada, 1996 Infant mortality by income quintile, urban Canada, 1996
Video: Role of ATP in muscle movement

For a complete list of videos, visit our video library