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Investing in Bonds A woman wishes to invest $12,000 in three types of bonds: municipal bonds paying 7% interest per year, bank certificates paying 8%, and high-risk bonds paying 12%. For tax reasons she wants the amount invested in municipal bonds to be at least three times the amount invested in bunk certificates. To keep her level of risk manage-able, she will invest no more than $2000 in high-risk bonds. How much should she invest in each type of bond to maximize her annual interest yield? [Hint: Let x = amount in municipal bonds and y = amount in bunk certificates. Then the amount in high-risk bonds will be 12,000 − x − y.]
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Chapter 10 Solutions
Bundle: Precalculus: Mathematics for Calculus, 7th + WebAssign Printed Access Card for Stewart/Redlin/Watson's Precalculus, Enhanced Edition, 7th Edition, Single-Term
- Suppose the planet of Tattooine currently has a population of 6500 people and an annual growth rate of 0.35%. Use this information for all the problems below. 1. Find an exponential function f(t) that gives the population of Tattooine t years from now. (3 points)arrow_forwardA house was valued at $95,000 in the year 1988. The value appreciated to $170,000 by the year 2007. A) If the value is growing exponentially, what was the annual growth rate between 1988 and 2007? Round the growth rate to 4 decimal places. r = B) What is the correct answer to part A written in percentage form? r = 3 %.arrow_forwardB G R + K Match each equation with a graph above - 3(0.9)* 1 a. green (G) 3(1.5)* b. black (K) 3(0.73)* c. blue (B) d. red (R) I ✪ 4(1.21)* - 3(1.21)* e. orange (O)arrow_forward
- Suppose the planet of Tattooine currently has a population of 6500 people and an annual growth rate of 0.35%. Use this information for all the problems below.arrow_forwardTwo cables tied together at C are loaded as shown. Given: Q = 130 lb. 8 30° C B Q 3 4 Draw the free-body diagram needed to determine the range of values of P for which both cables remain taut.arrow_forwardCable AB is 103 ft long and the tension in the cable is 3900 lb. 56 ft A 50° 20° B x C Identify the angles 0.0, and 8, that define the direction of force. 1 By N 2 Match each of the options above to the items below. 142.1° 57.1° 73.3° 3 8.arrow_forward
- In the given figure, P = 51 lb . 65° C 25° 35° 75 lb P Determine the corresponding magnitude of the resultant. The corresponding magnitude of the resultant is| lb.arrow_forwardCable AB is 103 ft long and the tension in the cable is 3900 lb. 56 ft D y A B 20° 50° x C Identify the x, y, and z components of the force exerted by the cable on the anchor B. 1 F. FI 3 Fy 2 Match each of the options above to the items below. 2,120 lb 1,120 lb -3,076 lbarrow_forwardIn the given figure, P = 51 lb. 65° 25° 35° 75 lb P B Determine the required tension in cable AC, knowing that the resultant of the three forces exerted at point C of boom BC must be directed along BC. The required tension in cable AC is lb.arrow_forward
- Intermediate AlgebraAlgebraISBN:9781285195728Author:Jerome E. Kaufmann, Karen L. SchwittersPublisher:Cengage LearningAlgebra for College StudentsAlgebraISBN:9781285195780Author:Jerome E. Kaufmann, Karen L. SchwittersPublisher:Cengage Learning
- Algebra and Trigonometry (MindTap Course List)AlgebraISBN:9781305071742Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage LearningLinear Algebra: A Modern IntroductionAlgebraISBN:9781285463247Author:David PoolePublisher:Cengage Learning
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