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 3794 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?

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.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Race-Ethnicity and Income Extremes Race-Ethnicity and Income Extremes
This 80-year old man in a village in Hubei, China, has slowed down, but he has not retired. He is ... This 80-year old man in a village in Hubei, China, has slowed down, but he has not retired. He is ...
In plant fossils, leaf margin is used to estimate mean annual temperature In plant fossils, leaf margin is used to estimate mean annual temperature
Relationship between Latitude and Income per Capita Relationship between Latitude and Income per Capita
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 ...
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ... Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...
Video: Acid-base imbalances - compensation of metabolic acidosis and alkalosis

For a complete list of videos, visit our video library