A financial consultant advises a client to invest part of $27,000 in municipal bonds that earn 5.9% annual simple interest and the remainder of the money in 8.9% corporate bonds. How much should be invested in each so that the total interest earned each year is $1923?

Q: Joy Wigens, who works at Putnam Investments, received a check for $2,670. She deposited 1/3 of the…

A: Depositing money in the bank refers to placing the money in the bank to get an interest rate.…

Q: Suppose you spend $12 a week on snacks. If you donate half that amount to a charity, how much will…

A: Given that, you spend $12 a week on snacks.

Q: In 3 1/2 months John collected a debt of $91.00. What was the average amount of debt John collected…

A: The given data: Debt collected by John in 312 months =$91 The average amount of debt collected by…

Q: 11. Solve. Round your answer to the nearest cent. Marie invested $10,000 in a savings account that…

A: Given query is to find the amount in the account after 7 years.

Q: How long will it take to pay off a student loan of $20,000 if the interest paid on the principal is…

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Q: simple

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Q: Clark earns 2.5% interest on a savings account each year. If Clark the posit $2000 into a savings…

A: Formula: Since formula for simple interest: I=(P×R×T) /100 P=principle amount R= rate of interest…

Q: Your paycheck each week is $500.00. If you want to save $2000.00 in one year, how much should you…

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Q: Gilly Bates invested $45000 in a 6% annual interest account.  How many years, to the nearest…

A: See the answer below

Q: Riley invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded annually, how…

A: Compound interest

Q: Ms. Warden needs  $ 20 000 to go on her dream vacation in four years. How much does she need to…

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Q: Find how much should be invested to have $27,500 in 8 months at 6.7% simple interest.

A: From the given information. The total amount is $27500. The time period is 8 months. The annual rate…

Q: if $230 is invested for one year at 5% interest rate, how much interest is earned

A: Given:$230 is invested for one year at 5% interest rate.

Q: Assume a new car costs £20k and loses 20% of its value every year. How much is it worth after 5…

A: Let us assume the worth of a  house at present year is x$. After every year  worth decreases by y%.…

Q: How much will a U.S. Treasury bill be worth after 11 months if it was bought for $4,000 and earns…

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Q: 2. If Joe uses online banking and averages 20 transactions monthly, how much would it cost at each…

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