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An investment firm recommends that a client invest in bonds rated​ AAA, A, and B. The...

An investment firm recommends that a client invest in bonds rated​ AAA, A, and B. The average yield on AAA bonds is 6​%, on A bonds 7​%, and on B bonds 10​%. The client wants to invest twice as much in AAA bonds as in B bonds. How much should be invested in each type of bond under the following​ conditions?

A. The total investment is ​$13,000​, and the investor wants an annual return of ​$940 on the three investments.

B. The values in part A are changed to ​$23,000 and ​$1,660​, respectively.

Math   Statistics-And-Probability   
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