An investment firm recommends that a client invest in bonds rated AAA, A, and B. The average yield on AAA bonds is 4 %, on A bo
nds 6 %, and on B bonds 11 %. The client wants to invest twice as much in AAA bonds as in B bonds. How much should be invested in each type of bond under the following conditions?
A. The total investment is $26,000 , and the investor wants an annual return of $1,620 on the three investments.
B. The values in part A are changed to $38,000 and $2,360 , respectively
A. The client should invest $(?) in AAA bonds, $(?)in A bonds, and $(?)in B bonds.
A distance of one international mile or 1 760 international yards or exactly 1609.344 meters travelled in one hour or exactly 3 600 seconds. 1 Mile per hour = 1.60934 kilometers per hour = 0.44704 meters per second (SI base unit). 1 mph = 0.447 04 m/s.
Also,
1 Centimeter per second is equal to 0.01 meters per second (SI unit).