Maricopa's Success scholarship fund receives a gift of $ 115000. The money is invested in stocks, bonds, and CDs. CDs pay 5.75 % interest, bonds pay 5.7 % interest, and stocks pay 8.9 % interest. Maricopa Success invests $ 35000 more in bonds than in CDs. If the annual income from the investments is $ 7845 , how much was invested in each account? Maricopa Success invested $ in stocks. Maricopa Success invested $ in bonds. Maricopa Success invested $ in CDs.
Maricopa's Success scholarship fund receives a gift of $ 115000. The money is invested in stocks, bonds, and CDs. CDs pay 5.75 % interest, bonds pay 5.7 % interest, and stocks pay 8.9 % interest. Maricopa Success invests $ 35000 more in bonds than in CDs. If the annual income from the investments is $ 7845 , how much was invested in each account? Maricopa Success invested $ in stocks. Maricopa Success invested $ in bonds. Maricopa Success invested $ in CDs.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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![Maricopa's Success scholarship fund receives a gift of $
115000. The money is invested in stocks, bonds, and CDs. CDs
pay 5.75 % interest, bonds pay 5.7 % interest, and stocks pay
8.9 % interest. Maricopa Success invests $ 35000 more in
bonds than in CDs. If the annual income from the investments
is $ 7845 , how much was invested in each account?
Maricopa Success invested $
in stocks.
Maricopa Success invested $
in bonds.
Maricopa Success invested $
in CDs.
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Transcribed Image Text:Maricopa's Success scholarship fund receives a gift of $
115000. The money is invested in stocks, bonds, and CDs. CDs
pay 5.75 % interest, bonds pay 5.7 % interest, and stocks pay
8.9 % interest. Maricopa Success invests $ 35000 more in
bonds than in CDs. If the annual income from the investments
is $ 7845 , how much was invested in each account?
Maricopa Success invested $
in stocks.
Maricopa Success invested $
in bonds.
Maricopa Success invested $
in CDs.
Question Help: D Video
Submit Question
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