Question

Edmonds Community College's (EDCC) scholarship fund received a gift of $ 105,000. The money is invested...

Edmonds Community College's (EDCC) scholarship fund received a gift of $ 105,000. The money is invested in CDs, bonds, and Stocks. CDs pay 5.5% interest, bonds pay 5.7% interest, and stocks pay 11.1% simple interest. EDCC invests $ 40,000 more in bonds than in CDs. If the annual income from the investments is $7,845 , how much was invested in each vehicle? $ in CDs $ in bonds $ in Stocks

Math   Advanced-Math   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Highline College's scholarship fund receives a gift of $ 155000. The money is invested in stocks,...
Highline College's scholarship fund receives a gift of $ 155000. The money is invested in stocks, bonds, and CDs. CDs pay 5.75 % interest, bonds pay 2.3 % interest, and stocks pay 8.8 % interest. Highline invests $ 45000 more in bonds than in CDs. If the annual income from the investments is $ 8327.5 , how much was invested in each category? HC invested $ ____________ in stocks. HC invested $___________ in bonds. HC invested $ ____________ in CDs....
Maricopa's Success scholarship fund receives a gift of $ 185000. The money is invested in stocks,...
Maricopa's Success scholarship fund receives a gift of $ 185000. The money is invested in stocks, bonds, and CDs. CDs pay 5.5 % interest, bonds pay 2.9 % interest, and stocks pay 9.8 % interest. Maricopa Success invests $ 10000 more in bonds than in CDs. If the annual income from the investments is $ 10720 , how much was invested in each account? Maricopa Success invested $    in stocks. Maricopa Success invested $    in bonds. Maricopa Success invested $    in CDs.
Maricopa's Success scholarship fund receives a gift of $ 185000. The money is invested in stocks,...
Maricopa's Success scholarship fund receives a gift of $ 185000. The money is invested in stocks, bonds, and CDs. CDs pay 5.5 % interest, bonds pay 2.9 % interest, and stocks pay 9.8 % interest. Maricopa Success invests $ 10000 more in bonds than in CDs. If the annual income from the investments is $ 10720 , how much was invested in each account? Maricopa Success invested $    in stocks. Maricopa Success invested $    in bonds. Maricopa Success invested $    in CDs.
Maricopa's Success scholarship fund receives a gift of $ 125000. The money is invested in stocks,...
Maricopa's Success scholarship fund receives a gift of $ 125000. The money is invested in stocks, bonds, and CDs. CDs pay 2.5 % interest, bonds pay 5.6 % interest, and stocks pay 6.2 % interest. Maricopa Success invests $ 15000 more in bonds than in CDs. If the annual income from the investments is $ 6155 , how much was invested in each account?
1. Penny received an unexpected $5,000.00 gift from a distant relative. She invests it in a...
1. Penny received an unexpected $5,000.00 gift from a distant relative. She invests it in a mutual fund that increases the value of the original investment by 8% each year. You must show all calculations to earn credit. How much will her original investment be worth in 10 years? 2. In 15 years, Penny hopes to have $40,000 available to make a down payment on a house. How much would she need to invest right now in a mutual fund...
5. Consider a newlywed who is planning a wedding anniversary gift of a trip to Dubai...
5. Consider a newlywed who is planning a wedding anniversary gift of a trip to Dubai for her husband at the end of 10 years. She will have enough to pay for the trip if she invests $5,000 per year until that anniversary and plans to make her first $5,000 investment on their first anniversary. Assume her investment earns an 8 percent interest rate, how much will she have saved for their trip if the interest is compounded in each...
Time Value of Money 1. En. Ahmad invested Rm50,000 in a mutual fund 5 years ago....
Time Value of Money 1. En. Ahmad invested Rm50,000 in a mutual fund 5 years ago. The fund provided compounded rate of return of 7% p.a over the last 5 years. What is the value of En. Ahmad’s investment now? 2. Johnny has a child whose education plan requires RM500,000 to finance the completion of his tertiary education 10 years from today. Johnny has set aside RM200,000 for this purpose. He wants to know what investment rate of return is...
What is the present value of $10,000 to be received 10 years from today, assuming a...
What is the present value of $10,000 to be received 10 years from today, assuming a 6 percent annual interest (discount) rate?   2. If you deposit $3,000 in a bank account that pays 4 percent annual interest, what would your account balance equal after 9 years?   3. To settle a wrongful death case, a judge ordered the maker of a defective product to pay the spouse of the deceased person $100,000 today, $150,000 four years from today, and $250,000 eight...
1.What is the discount rate assuming the present value of $840 at the end of 1-year...
1.What is the discount rate assuming the present value of $840 at the end of 1-year is $765? 2.What is the Future value of $3,500 deposited for 12 years at 5% compounded annually? 3. If $2,800 is discounted back 4 years at an interest rate of 8% compounded semi-annually, what would be the present value? 4. Determine the future value of $6,000 after 5 years if the appropriate interest rate is 8%, compounded monthly. 5. Consider a newlywed who is...
2 year(s) ago, Goran invested 23,426 dollars. He has earned and will earn 4.64 percent per...
2 year(s) ago, Goran invested 23,426 dollars. He has earned and will earn 4.64 percent per year in compound interest. If Grace invests 30,207 dollars in 3 year(s) from today and earns simple interest, then how much simple interest per year must Grace earn to have the same amount of money in 9 years from today as Goran will have in 9 years from today? Answer as a rate in decimal format so that 12.34% would be entered as .1234...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT