Mr. and Mrs. Garcia have a total of $100,000 to be invested in stocks, bonds, and a money market account. The stocks have a rate of return of 18%/year, while the bonds and the money market account pay 12%/year and 6%/year, respectively. The Garcias have stipulated that the amount invested in stocks should be equal to the sum of the amount invested in bonds and 3 times the amount invested in the money market account. How should the Garcias allocate their resources if they require an annual income of $15,000from their investments? Give two specific options. (Let x1, y1, and z1 refer to one option for investing money in stocks, bonds, and the money market account respectively. Let x2, y2, and z2 refer to a second option for investing money in stocks, bonds, and the money market account respectively.) {(x1, y1, z1), (x2, y2, z2)} =
Mr. and Mrs. Garcia have a total of $100,000 to be invested in stocks, bonds, and a money market account. The stocks have a rate of return of 18%/year, while the bonds and the money market account pay 12%/year and 6%/year, respectively. The Garcias have stipulated that the amount invested in stocks should be equal to the sum of the amount invested in bonds and 3 times the amount invested in the money market account. How should the Garcias allocate their resources if they require an annual income of $15,000from their investments? Give two specific options. (Let x1, y1, and z1 refer to one option for investing money in stocks, bonds, and the money market account respectively. Let x2, y2, and z2 refer to a second option for investing money in stocks, bonds, and the money market account respectively.) {(x1, y1, z1), (x2, y2, z2)} =
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Mr. and Mrs. Garcia have a total of $100,000 to be invested in stocks, bonds, and a
{(x1, y1, z1), (x2, y2, z2)} =
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