SOLUTION: Wendy was awarded a volleyball scholarship to the University of Michigan, so on graduation her parents gave her the $15000 they had saved for her college tuition. She opted to inve

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Question 1133225: Wendy was awarded a volleyball scholarship to the University of Michigan, so on graduation her parents gave her the $15000 they had saved for her college tuition. She opted to invest some money in a privately held company that pays10% per year and evenly split the remaining money between a money market account yielding 2% and a high-risk stock that yielded40% . At the end of the first year she had total. How much did she invest in each of the three?

Answer by greenestamps(13200)   (Show Source): You can put this solution on YOUR website!


Re-post.

This post leaves out the critical information about the total value.

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