Mark has $100,000 to invest. His financial consultant advises him to diversify his investment in three types of bonds: short-term, intermediate-term, and long-term. The short-term bonds pay 3%, the intermediate-term bonds pay 4%, and the long-term bonds pay 6% simple interest per year. Mark wishes to realize a total annual income of 4.5%, with equal amounts invested in short- and intermediate-termbonds. How much should he invest in each type of bond?short-term$intermediate-term $long-term$ The Juice Company offers three kinds of smoothies: Midnight Mango, Tropical Torrent, and Pineapple Power. Each smoothie contains the amounts of juices shown in the table. On a particular day the Juice Company used 900 oz of mango juice, 810 oz of pineapple juice, and 530 oz of orange juice. How many smoothies of each kind were sold that day?Orangejuice (oz)Midnight MangoTropical TorrentPineapple PowerSmoothieMidnight MangoTropical TorrentPineapple PowerMangojuice (oz)smoothiessmoothiessmoothies862Pineapplejuice (oz)358334

Answered: Image /qna-images/answer/52ebc322-dc0e-4757-9be0-e00164401755.jpg

Answered: Mark has $100,000 to invest. His…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

See similar textbooks

Similar questions

XYZ company is looking for a 4-months term source of $800,000 to supplement working capital. Which source below should the company choose? The bank A accepts loans at annual nominal rate of interest of 15% a year. The bank B accepts loans at discount interest rate of 14% a year. The bank C accepts a loan with interest rate of 10% per year and deposits rate at 12%
Calculate the total cost of interest for both mortgage options. How much does the buyer save in interest with the 15- year option?
Hector has several financial decisions to make in the near future. He is planning to buy a car, open a savings account, and place money in a certificate of deposit (CD) so that he may purchase a boat when he retires. Hector has asked that we help him decide which options are best for him. The car Hector has chosen costs $24,000. Most car loans are calculated using simple interest, a method which interest is calculated only one per year. His first option is a loan with 3% interest over six years. How much will Hector pay over the course of the next six years if he chooses this option?
Lucas purchases a 3,000 par value 12-year bond with 3% semiannual coupons for 2,760. He is able to reinvest his coupon payments at a nominal rate of 4% convertible semiannually. Calculate his nominal annual yield rate convertible semiannually over the 12-year period.
You have a choice between the following two identical properties: Property A is priced at $150,000 with 80 percent financing at a 10.5 percent interest rate for 20 years. Mortgage Loans is priced at $160,000 with an assumable mortgage of $100,000 at 9 percent interest with20 years remaining. Monthly payments are $899.73. A second mortgage for $20,000 can be obtained at 13 percent interest for 20 years. All loans require monthly payments and are fullyamortizing. a. With no preference other than financing, which property would you choose?b. How would your answer change if the seller of Property B provided a second mortgage for$20,000 at the same 9 percent rate as the assumable loan?c. How would your answer change if the seller of Property B provided a second mortgage for$30,000 at the same 9 percent rate as the assumable loan so that no additional down paymentwould be required by the buyer if the loan were assumed?
Leonard started a systematic investment program by buying $400.00 worth of mutual funds on the first day of every month starting on February 1. Mutual funds are purchased in units. Leonard purchased as many units as he could with his $400.00, including fractions of units. Unit prices for the first six months were $10.00, $10.80, $11.50, $9.75, $9.40, and $12.15 respectively. Complete parts (a) through (d) below. (a) What is the simple average of the unit prices? $ (Round to the nearest cent as needed.) (b) What is the total number of units purchased during the first six months? units (Round to three decimal places as needed.) (c) What is the average cost of the units purchased? $ (Round to the nearest cent as needed.) (d) What is the value of Leonard's mutual fund holdings on July 31 if the unit price is $11.90 on that date? $4 (Round to the nearest cent as needed.)
In 10 years, Cindy wants her investment to reach $40000 for a down payment on a smallhome. She has three investment options:Plan A: 6% annual interest, compounded yearlyPlan B: 5% annual interest, compounded semi-annuallyPlan C: 4.5% annual interest, compounded monthlya)Calculate the present value of each option to determine the amount that Cindy would need to invest today to have her down payment in 10 years.b)Which plan should Cindy choose?
At the end of 2009, right after the great recession of 2008-2009, business partners Mario and Luigi sold their plumbing business and retired. Each of them received $1,000,000 net from the sale. Mario holds an undergaduate business degree and understands risk, return, and divesification. He decides to invest his 1M$ in SPY ETF (essentially a stock that tracks the S&P 500 index performance). Luigi comes from a low income family and could not afford to go to college. He doesn't understand finance and he fears risk, so he decides to put his money in a bank savings account. The average S&P500 annual return from 2010 to 2019 has been 11.3%, the average annual return on a standard savings account has been 0.1% over the last 10 years. What is the difference in FV value (end of 2019) between Mario and Luigi investment holdings?

Recommended textbooks for you

Advanced Engineering Mathematics

Advanced Math

ISBN:

9780470458365

Author:

Erwin Kreyszig

Publisher:

Wiley, John & Sons, Incorporated

Numerical Methods for Engineers

Advanced Math

ISBN:

9780073397924

Author:

Steven C. Chapra Dr., Raymond P. Canale

Publisher:

McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…

Advanced Math

ISBN:

9781118141809

Author:

Nathan Klingbeil

Publisher:

WILEY

Advanced Engineering Mathematics

Advanced Math

ISBN:

9780470458365

Author:

Erwin Kreyszig

Publisher:

Wiley, John & Sons, Incorporated

Numerical Methods for Engineers

Advanced Math

ISBN:

9780073397924

Author:

Steven C. Chapra Dr., Raymond P. Canale

Publisher:

McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…

Advanced Math

ISBN:

9781118141809

Author:

Nathan Klingbeil

Publisher:

WILEY

Mathematics For Machine Technology

Advanced Math

ISBN:

9781337798310

Author:

Peterson, John.

Publisher:

Cengage Learning,

Basic Technical Mathematics

Advanced Math

ISBN:

9780134437705

Author:

Washington

Publisher:

PEARSON

Topology

Advanced Math

ISBN:

9780134689517

Author:

Munkres, James R.

Publisher:

Pearson,

SEE MORE TEXTBOOKS