Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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Investor Dan has $119,000 to invest in bonds. Bond A yields an average of 9.4% and the bond B yields 6.4%. Dan requires that at least 2 times as much money be invested in bond A as in bond B. You must invest in these bonds to maximize his return. How much should you invest in bond A? $ Round to the nearest cent. tA
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Transcribed Image Text:Investor Dan has $119,000 to invest in bonds. Bond A yields an average of 9.4% and the bond B yields 6.4%. Dan requires that at least 2 times as much money be invested in bond A as in bond B. You must invest in these bonds to maximize his return. How much should you invest in bond A? $ Round to the nearest cent. tA
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