A few days ago
MaTH PROBLEM HELP ME AGAIN??
A retiree divides his pension portfolio of $270,000 between a conservative mutual fund paying at a rate of 4% and high risk bonds paying at a rate of 8%. Both invetments pay the same amount of interest annually. How much is investd in each investment??
Please help!!! THANK YOU THANK YOU THANK YOU
Top 4 Answers
A few days ago
Favorite Answer
Since the interest rate for the high risk bonds is twice the interest rate for the conservative mutual funds, then the retiree must have invested twice as much in the latter (mutual fund) vs the former (bonds). If we use algebra:
Let x = investment amount in bonds
Then 2x = investment amount in mutual funds
x + 2x = 270,000
3x = 270,000
x = 90,000
That means the retiree invested $90,000 in high risk bonds, and $180,000 in mutual funds.
Hope this helps.
0
A few days ago
he split the 270,000 into 2 investments… how much is invested in each one
270,000/2= 135,000 in each one
they just tell u what hes maken on each one to through u off
0
A few days ago
I think you should never consider accounting as a career!
The 3 kinds of people are those who can count and those who can’t.
Also: 2 typos/spelling errors…investments, invested.
Cheers.
0
A few days ago
no idea
0
- Academic Writing
- Accounting
- Anthropology
- Article
- Blog
- Business
- Career
- Case Study
- Critical Thinking
- Culture
- Dissertation
- Education
- Education Questions
- Essay Tips
- Essay Writing
- Finance
- Free Essay Samples
- Free Essay Templates
- Free Essay Topics
- Health
- History
- Human Resources
- Law
- Literature
- Management
- Marketing
- Nursing
- other
- Politics
- Problem Solving
- Psychology
- Report
- Research Paper
- Review Writing
- Social Issues
- Speech Writing
- Term Paper
- Thesis Writing
- Writing Styles