Question 1150062
CDs:
Principal = p
Rate = 0.025
Interest = 0.025p
<pr>
Bonds:
Principal = p + 35000
Rate = 0.055
Interest = 0.055(p + 35000) = 0.055p + 1925
<pr>
Stocks:
Principal = 130000 - (p) - (p + 35000) = 95000 - 2p
Rate = 0.105
Interest = 0.105(95000 - 2p) = 9975 - 0.21p
<pr>
(0.025p) + (0.055p + 1925) + (9975 - 0.21p) = 10600
<pr>
-0.13p + 11900 = 10600
<pr>
-0.13p = -1300
<pr>
p = 10000
<pr>
CDs:
Principal = p = <b>$10,000</b>
<pr>
Bonds:
Principal = p + 35000 = 10000 + 35000 = <b>$45,000</b>
<pr>
Stocks:
Principal = 95000 - 2p = 95000 - 20000 = <b>$75,000</b>