document.write( "Question 906496: An investor has $50,000 to invest in three types of bonds: short-term, intermediate-term, and long-term. How much should she invest in each type to satisfy the given conditions? \r
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document.write( "Short-term bonds pay 4% annually, intermediate-term bonds pay 5%, and long-term bonds pay 6%. The investor wishes to realize a total annual income of 4.92%, with equal amounts invested in short- and intermediate-term bonds. \r
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document.write( "short-term bonds $
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document.write( "intermediate-term bonds $
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document.write( "long-term bonds $
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Algebra.Com's Answer #549886 by richwmiller(17219)![]() ![]() You can put this solution on YOUR website! x+y+z=50000 \n" ); document.write( "0.04*x+0.05*y+0.06*z=2460 \n" ); document.write( "we have two equations in three unknown we need one more equation. \n" ); document.write( "x=y \n" ); document.write( "since x=y \n" ); document.write( "2x+z=50000 \n" ); document.write( "0.04*x+0.05*x+0.06*z=2460\r \n" ); document.write( "\n" ); document.write( "0.09*x+0.06*z=2460 \n" ); document.write( "2x+z=50000 \n" ); document.write( "z=50000-2x \n" ); document.write( "This won't be pretty but it can be solved. \n" ); document.write( "0.09*x+0.06*(50000-2x) =2460 \n" ); document.write( "0.09*x+0.06*(50000-2x) =2460 \n" ); document.write( "0.09*x+0.06*50000-.06*2x =2460 \n" ); document.write( "0.09*x+3000-.12x =2460 \n" ); document.write( "-.03x=-540 \n" ); document.write( "multiply by -100 \n" ); document.write( "3x=54000 \n" ); document.write( "x=18000 \n" ); document.write( "y=18000 \n" ); document.write( "z=14000 \n" ); document.write( " |