5 Investor Dan has $119,000 to invest in bonds. Bond Ayields an average of 9.4% and the bond B yields 6.4%. Danrequires that at least 2 times as much money be invested inbond A as in bond B. You must invest in these bonds tomaximize his return. How much should you invest in bondA?$Round to the nearest cent.tA

Answered: Image /qna-images/answer/dc30826b-8fd7-4ee6-8689-627afb0fffe1.jpg

Answered: Investor Dan has $119,000 to invest in…

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter2: Solving Linear Equations

Section2.2: Use A Problem Solving Strategy

Problem 2.49TI: Nathaly deposited $12,500 in her bank account where it will earn 4% simple interest. How much...

See similar textbooks

Similar questions

Nathaly deposited $12,500 in her bank account where it will earn 4% simple interest. How much interest will Nathaly earn in five years?
Car insurance Justin’s car insurance has a $750 deductible per incident. This means that he pays $750 and his insurance company will pay all costs beyond $750. If Justin files a claim for $2,100. how much will he pay? how much will his insurance company pay?
A bank features a savings account that has an annual percentage rate of 5.4 % with interest compounded monthly. Malik deposits $5,500 into the account.How much money will Malik have in the account in 1 year?Answer = $ . Round answer to the nearest penny.What is the annual percentage yield (APY) for the savings account?APY=APY= %. Round to the nearest hundredth of a percent.
Your Great Aunt Thelma invested $3.75 for you the day your were born. The investment doubles every year until you are 18 years old. When you were 16, you took out the investment because you had to buy something important. How much money would you have had at age 18 if you left the money in the investment? $ How much money did you lose by not keeping the money invested until you were 18 years old? $ (Round to the nearest cent.) (Round to the nearest cent.) Blank 1: Blank 2:
Don buys a car for $22,500. Don gets a loan for a year with an interest rate of 3% per year. How much total money will Don pay in a year?A. $2.75B. $583C. $552.75D. $23,175e. $407.78f. $33g. $806.25H. $437.70i. $443.01j. $185*also explain how you got your answer please
Rodrigo buys a jacket that is on sale for 1/4 off the original price of $80. He has a coupon for an additional 10% off. How much does Rodrigo pay for the jacket? A. $18.00 B. $49.50 C. $52.00 D. $54.00
You purchase a mutual fund add an offer price of $15.79 per share. If the net asset value is $15.26 find the sale charge percent. Round to the nearest tenth.
Amanda‘s parents invested $10,000 into a savings account for her college fund when she was born. The savings plan compounds interest yearly at a rate of 3.75%. How much money will be in Amanda‘s college fund when she turns 18? Round your answer to the nearest cent. a. $19,399.29 b. $20,146.75 c. $20,652.19 d. $19,149.68
After retiring, you want to be able to take $1000 a month for a total of 15 years from your retirement account. The account earns 7% interest. How much will your account need?
A-Class with 50 students 30 students come from single parent home. 37 students live with their biological mothers in the house and 23 live with their biological fathers in the house. How many live with both biological parents if there are 5 students who live with adopted parents. Calculate the time needed on an investment of $500,000 to gain interest of $60,000 if the interest rate is 1.5 %.
A student borrows $1500 for 1 year at 4% simple interest. What is the interest after 1 year? (Simplify your answer. Round to the nearest cent as needed.) acer esc
help

SEE MORE QUESTIONS

Recommended textbooks for you

Intermediate Algebra

Algebra

ISBN:

9780998625720

Author:

Lynn Marecek

Publisher:

OpenStax College

Holt Mcdougal Larson Pre-algebra: Student Edition…

Algebra

ISBN:

9780547587776

Author:

HOLT MCDOUGAL

Publisher:

HOLT MCDOUGAL

Elementary Algebra

Algebra

ISBN:

9780998625713

Author:

Lynn Marecek, MaryAnne Anthony-Smith

Publisher:

OpenStax - Rice University

Intermediate Algebra

Algebra

ISBN:

9780998625720

Author:

Lynn Marecek

Publisher:

OpenStax College

Holt Mcdougal Larson Pre-algebra: Student Edition…

Algebra

ISBN:

9780547587776

Author:

HOLT MCDOUGAL

Publisher:

HOLT MCDOUGAL

Elementary Algebra

Algebra

ISBN:

9780998625713

Author:

Lynn Marecek, MaryAnne Anthony-Smith

Publisher:

OpenStax - Rice University

Mathematics For Machine Technology

Advanced Math

ISBN:

9781337798310

Author:

Peterson, John.

Publisher:

Cengage Learning,

Glencoe Algebra 1, Student Edition, 9780079039897…

Algebra

ISBN:

9780079039897

Author:

Carter

Publisher:

McGraw Hill

Algebra: Structure And Method, Book 1

Algebra

ISBN:

9780395977224

Author:

Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Publisher:

McDougal Littell

SEE MORE TEXTBOOKS