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Reika [66]
4 years ago
8

QUESTION 4 (10 MARKS)

Mathematics
1 answer:
77julia77 [94]4 years ago
3 0

Answer:

A. $22,223

B. $20,000

C. $20,000

Explanation:

The annual return of the retired couple's investment is called the yield in percentage.

A. If they go for Treasury bills which has a yield of 9%, to attain a return of at least $2,000 their investment must exceed $20,000. 9% of 22,223 = $2,000.07

B. . If they go for Corporate bonds option which has a yield of 11%, to attain a return of at least $2,000; 11% of 20,000 = $2,200

C. . If they go for Junk bonds option which has a yield of 13%, to attain annual return of at least $2,000; 13% of $20,000= $2,600

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Hoang has been at the hospital for 12 years while Bill has worked for 7 years.

Step-by-step explanation:

Let the years Hoang has worked as a nurse equal h and let the years Bill has worked as a nurse equal b.

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Now we move onto the situation 2 years ago. 2 years ago, Hoang had worked at the hospital two less than h or h-2 years while Bill has worked for b-2 which is two years less than b. We are also told that at the time, Hoang worked twice as longs, so

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