The answer is m = -59/42
Step by step explanation is in the image below.
7 10 thousands is equal to 70 thousand
20000*0.45 = 9000 in the bond
20000*0.15 = 3000 in the CD
20000*0.20 = 4000 in stocks
20000*0.029 = 580 in savings
A=9000(1 + 4.35%)^3 = 10,226.33
A=3000(1 + 2.90%)^3 = 3,268.64
A=4000 (1 + 8%) x (1 - 4%) x (1 + 6%) = 4,396.03
A=580(1 + 4.35%)^3 = 4,545.04
Total value = 22,436.04
Gain = 22,436.04 - 20,000 = 2,436.04
Answer:
Answers are below
Step-by-step explanation:
Minimum: 2.50(1.01)^10 = $2.76
Maximum : 2.50(1.01)^20 = $3.05
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857 x 132= 113,124
work is showed in the image