monds Community College's (EDCC) scholarship fund received a gift of $325,000. The money is invested in stocks, bonds, and CDs. CDs pay 2.5% interest, bonds pay 2.9% interest, and stocks pay 7.8% simple interest. To spread the risk the College has a policy of having 4 times as much money in CDs as in stocks and bonds combined. If the annual income from the investments is $9,365 , how much was invested in each vehicle? solve by the method of your choice either using reduced row echelon form or the matrix equation EDCC invested $ in stocks ___________________ $ in bonds ___________________ $ in CDs ____

monds Community College's (EDCC) scholarship fund received a gift of $325,000. The money is invested in stocks, bonds, and CDs. CDs pay 2.5% interest, bonds pay 2.9% interest, and stocks pay 7.8% simple interest. To spread the risk the College has a policy of having 4 times as much money in CDs as in stocks and bonds combined. If the annual income from the investments is $9,365 , how much was invested in each vehicle? solve by the method of your choice either using reduced row echelon form or the matrix equation EDCC invested $ in stocks _____ $ in bonds _ $ in CDs

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter11: Linear Optimization Models

Section: Chapter Questions

Problem 11P: The employee credit union at State University is planning the allocation of funds for the coming...

See similar textbooks

Similar questions

Edmonds Community College's (EDCC) scholarship fund received a gift of $ 115,000.The money is invested in stocks, bonds, and CDs.CDs pay 2.5% interest, bonds pay 4.8% interest, and stocks pay 7.3% simple interest.EDCC invests $ 40,000 more in bonds than in CDs.If the annual income from the investments is $5,935 , how much was invested in each vehicle?solve by the method of your choice either using reduced row echelon form or the matrix equation
Maricopa's Success scholarship fund receives a gift of $ 135000. The money is invested in stocks, bonds, and CDs. CDs pay 5.25 % interest, bonds pay 4.2 % interest, and stocks pay 6.1 % interest. Maricopa Success invests $ 20000 more in bonds than in CDs. If the annual income from the investments is $ 6892.5, how much was invested in each account?
A College scholarship fund received a gift of $ 104,000.The money is invested in CDs, bonds, and Stocks.CDs pay 5.5% interest, bonds pay 6% interest, and stocks pay 8.8% simple interest.The college invests $ 46,000 more in bonds than in CDs. If the annual income from the investments is $7,010 , how much was invested in each vehicle?$ in CDs$ in bonds$ in Stocks
Maricopa's Success scholarship fund receives a gift of $ 115000. The money is invested in stocks, bonds, and CDs. CDs pay 5.75 % interest, bonds pay 5.7 % interest, and stocks pay 8.9 % interest. Maricopa Success invests $ 35000 more in bonds than in CDs. If the annual income from the investments is $ 7845 , how much was invested in each account? Maricopa Success invested $ in stocks. Maricopa Success invested $ in bonds. Maricopa Success invested $ in CDs. Question Help: D Video Submit Question
Maricopa's Success scholarship fund receives a gift of $ 165000. The money is invested in stocks, bonds, and CDs. CDs pay 2 % interest, bonds pay 2.6 % interest, and stocks pay 6.1 % interest. Maricopa Success invests $ 30000 more in bonds than in CDs. If the annual income from the investments is $ 6355 , how much was invested in each account? Maricopa Success invested S stocks. Maricopa Success invested $ bonds. Maricopa Success invested $ in CDs. in in
Maricopa's Success scholarship fund receives a gift of $ 85000. The money is invested in stocks, bonds, and CDs. CDs pay 3.25 % interest, bonds pay 4.4% interest, and stocks pay 7.4 % interest. Maricopa Success invests $ 25000 more in bonds than in CDs. If the annual income from the investments is $ 4110 , how much was invested in each account? Maricopa Success invested $ in stocks. Maricopa Success invested $ in bonds. Maricopa Success invested $ in CDs. Question Help: D Video Message instructor Submit Question
H1. Country Day's scholarship fund receives a gift of $ 165000. The money is invested in stocks, bonds, and CDs. CDs pay 5 % interest, bonds pay 2.5 % interest, and stocks pay 8 % interest. Country day invests $ 15000 more in bonds than in CDs. If the annual income from the investments is $ 8550 , how much was invested in each vehicle?
Maricopa's Success scholarship fund receives a gift of $ 150000. The money is invested in stocks, bonds, and CDs. CDs pay 2 % interest, bonds pay 3.8 % interest, and stocks pay 6.1 % interest. Maricopa Success invests $ 20000 more in bonds than in CDs. If the annual income from the investments is $ 5810 , how much was invested in each account? Maricopa Success invested $ in stocks. Maricopa Success invested $ in bonds. Maricopa Success invested $ in CDs. Question Help: DVideo Message instructor Submit Question « Previous Next »
Country Day's scholarship fund receives a gift of $ 125000. The money is invested in stocks, bonds, and CDs. CDs pay 2.25 % interest, bonds pay 2.8 % interest, and stocks pay 8.1 % interest. Country day invests $55000 more in bonds than in CDs. If the annual income from the investments is $ 5537.5, how much was invested in each vehicle? Country Day invested $ Country Day invested $ Country Day invested $ in stocks. in bonds. in CDs.
The employee credit union at State University is planning the allocation of funds for the coming year. The credit union makes four types of loans to its members. In addition, the credit union invests in risk-free securities to stabilize income. The various revenue-producing investments, together with annual rates of return, are as follows: The credit union will have 2 million available for investment during the coming year. State laws are credit union policies impose the following restrictions on the composition of the loans and investments: Risk-free securities may not exceed 30% of the total funds available for investment. Signature loans may not exceed 10% of the funds invested in all loans (automobile, furniture, other secured, and signature loans). Furniture loans plus other secured loans may not exceed the automobile loans. Other secured loans plus signature loans may not exceed the funds invested in risk-free securities. How should the 2 million be allocated to each of the loan/investment alternatives to maximize total annual return? What is the projected total annual return?
Alan Kaminski just received a signing bonus of $ 1,600,000. His plan is to invest this payment in a fund that will earn 10%, compounded annually. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.)Click here to view the factor table. https://education.wiley.com/content/Kieso_Intermediate_Accounting_17e/media/simulations/interest_rate_tables.pdf
The XYZ customer service branch maintains a disbursement account which is funded by the main office. The branch needs funds for daily disbursements of P40,000 and a minimum balance of P20,000. The cost to transfer funds from the main office to the branch averages P300. The return on money marketable securities is 5%. If the entity uses a 250-day year for financial analysis, how much is the optimal cash amount to be requested by the branch each time?