document.write( "Question 1101518: An investor has $100,000 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?
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document.write( "Short-term bonds pay 4% annually, intermediate-term bonds pay 6%, and long-term bonds pay 8%. The investor wishes to have a total annual return of $6100 on her investment, with equal amounts invested in intermediate- and long-term bonds.
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Algebra.Com's Answer #716125 by richwmiller(17219)![]() ![]() You can put this solution on YOUR website! y=z \n" ); document.write( "x+y+z=100,000 \n" ); document.write( "x+2y=100,000 \n" ); document.write( "x=100,000-2y\r \n" ); document.write( "\n" ); document.write( ".04*x+.06*y+.08*z=6100 \n" ); document.write( ".04*x+.06*y+.08*y=6100 \n" ); document.write( ".04*(100,000-2y)+.14*y=6100 \n" ); document.write( ".04*100,000-2y*.04+.14*y=6100 \n" ); document.write( "4000-.08*y+.14*y=6100 \n" ); document.write( ".06*y=2100 \n" ); document.write( "y=2100/.06 \n" ); document.write( "y=35,000 at 6% \n" ); document.write( "z=35,000 at 8% \n" ); document.write( "100000-70000=30 \n" ); document.write( "x=30,000 at 4% \n" ); document.write( "check \n" ); document.write( ".04*30000+.06*35000+.08*35000=6100 \n" ); document.write( "1200+2100+2800=6100 \n" ); document.write( "6100=6100 \n" ); document.write( "ok\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |