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 ____

Hi, How do i solve this corporate finance problem using a formula or financial calculator. The present value of an annuity making annual payments of $3,200 starting 8 years from today is$13,465.99. If the fund earns 10.5%/year (effective), how many annual payments (in whole years) of$3,200 can be made?

Suppose that at the beginning of Year 1 you invested $10,000 in the Stivers mutual fund and $5000 in the Trippi mutual fund. The value of each investment at the end of each subsequent year is provided in the table below. Which mutual fund performed better?  Please show steps in Excel Year                                  Stivers                      Trippi 1                                     11,000                       5,600 2                                     12,000                       6,300 3                                     13,000                       6,900 4                                     14,000                       7,600 5                                     15,000                       8,500 6                                     16,000                       9,200 7                                     17,000                       9,900 8                                     18,000                     10,600

Chris Lavigne invested a total of $10,200 in the AIC Diversified Canada Mutual Fund. The management fee for this particular fund is 2.55 percent of the total investment amount. Calculate the management fee Chris must pay this year. (Round your answer to 2 decimal places. Omit the "$" sign in your response.) Management fee $