SOLUTION: A retired couple has $170,000 to invest to obtain annual income. They want some of it invested in safe Certificates of Deposit yielding 5%. The rest they want to invest in AA bonds
Algebra.Com
Question 975979: A retired couple has $170,000 to invest to obtain annual income. They want some of it invested in safe Certificates of Deposit yielding 5%. The rest they want to invest in AA bonds yielding 12% per year. How much should they invest in each to realize exactly $16,900?
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
Let 
represent the amount invested at 12%. Then 
is the annual return on the 
investment. If is the portion of $170,000 that was invested at , then the amount invested at 5% must be 
and the annual return is )
. The two returns must sum to the desired annual income realization:
\ =\ 16900)
Solve for
John
My calculator said it, I believe it, that settles it
RELATED QUESTIONS
Please help me, Please.
A retired couple has $130,000 to invest to obtain annual... (answered by stanbon)
A retired couple has $130,000 to invest to obtain annual income. They want some of it... (answered by ptaylor)
A retired couple has $130,000 to invest to obtain annual income. They want some of it... (answered by ptaylor)
A retired couple has $160,000 to invest to obtain annual income. They want some of it... (answered by mananth)
A retired couple has $170,000 to invest to obtain annual income. They want some of it... (answered by mananth)
A retired couple has $190,000 to invest to obtain annual income. They want some of it... (answered by solver91311)
A retired couple has $190,000 to invest to obtain annual income. They want some of it... (answered by jorel555)
a retired couple has 170,000 to invest to obtain annual income. they want some of it... (answered by josmiceli,mananth)
Jancie has $180,000 to invest to obtain annual income. She wants some of it invested in... (answered by richwmiller)