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. Countryday 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.

Details Given in the Question are as follows; Total Investment = $125,000 CD's Interest =…

Answered: Country Day's scholarship fund receives…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Sally Monroe wants to create a fund today that will enable her to withdraw $26.400 per year for 8 years, with the first withdrawal to take place 5 years from today. Click here to view factor tables If the fund earns 10% interest, how much must Sally invest today? (Round factor values to 5 decimal places, eg. 1.25124 and final answer to 0 decimal places, eg 458,581) Investment amount eTextbook and Media Save for Later Attempts: 0 of 5 used Submit Answer
Lucy won a large sum in the lottery. She invested part of her winnings into a fund earning 7.95% compounded monthly. She has arranged a systematic withdrawal plan that provides for 120 monthly payments increasing at a constant rate of 0.9% per payment. The first payment of $850 is due one month after she set up the fund. How much interest is included in the payments?
Edmonds 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 ___________________
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An investor deposits $1000 at the beginning of each year for five years in a fund earning 5% effective. The interest from this fund can be reinvested at only 4% effective. Show that the total accumulated value at the end of ten years is 1250($111.04 - $1.04 −1).
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Country Day's scholarship fund receives a gift of $ 135000. The money is invested in stocks, bonds, and CDs. CDs pay 3 % interest, bonds pay 2.4 % interest, and stocks pay 11.8 % interest. Country day invests $ 25000 more in bonds than in CDs. If the annual income from the investments is $ 10850 , how much was invested in each vehicle?
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