Question

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.

Math   Algebra   
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
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?
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....
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
Mr. and Mrs. Garcia have a total of $100,000 to be invested in stocks, bonds, and...
Mr. and Mrs. Garcia have a total of $100,000 to be invested in stocks, bonds, and a money market account. The stocks have a rate of return of 9%/year, while the bonds and the money market account pay 6%/year and 3%/year, respectively. The Garcias have stipulated that the amount invested in stocks should be equal to the sum of the amount invested in bonds and 3 times the amount invested in the money market account. How should the Garcias allocate...
Your pension fund is invested in $40 million worth of bonds with a duration of 5.5...
Your pension fund is invested in $40 million worth of bonds with a duration of 5.5 years and $60 million worth of bonds with a duration of 8 years. The "target date" (the date that the fund needs to pay its contributors) is 6.967 years from now. To become duration-matched, the fund needs to shift how much of its money from 8-year duration bonds into 5.5-year duration bonds? Round your answer to the nearest dollar.
Your pension fund is invested in $40 million worth of bonds with a duration of 5.5...
Your pension fund is invested in $40 million worth of bonds with a duration of 5.5 years and $60 million worth of bonds with a duration of 8 years. The "target date" (the date that the fund needs to pay its contributors) is 6.949 years from now. To become duration-matched, the fund needs to shift how much of its money from 8-year duration bonds into 5.5-year duration bonds? Round your answer to the nearest dollar.
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...
Show all calculations. You must use the factors from the tables a. Steve Allen invested $12,000...
Show all calculations. You must use the factors from the tables a. Steve Allen invested $12,000 today in a fund that earns 8% interest. If the interest compounds semiannually, what amount will the investment grow to in 6 years? Answer $_____________________ b. A machine is purchased by making 6 payments of $8,000 each at the beginning of each year (starting at the time of the purchase). Assuming an annual interest rate of 10%, at what cost should the machine be...
Jason and Kerri​ Consalvo, both in their​ 50's, have ​$53,000 to invest and plan to retire...
Jason and Kerri​ Consalvo, both in their​ 50's, have ​$53,000 to invest and plan to retire in 10 years. They are considering two investments. The first is a utility company common stock that costs ​$53 per share and pays dividends of ​$2.12 per share per year​ (a 4% dividend​ yield). Note that these dividends will be taxed at the same rates that apply to​ long-term capital gains. The Consalvos do not expect the value of this stock to increase. The...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT