Concept explainers
To find: the initial investment of Ms. Colon is divided by the broker.
Answer to Problem 19E
Explanation of Solution
Given information:
The sum of three investments is $2000.
The investment in international fund is double to the company stock.
4.5%
Calculation:
Let the variables be as follows:
According to the given information, the system of equations will be as follows:
Solve equation (1) for x as follows:
Solve equation (3) for z as follows:
Solve equation (2) for x as follows:
Solve equation (4) for y as follows:
The values of x, y and z are
Chapter 2 Solutions
Advanced Mathematical Concepts: Precalculus with Applications, Student Edition
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