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NikAS [45]
3 years ago
15

An investor has ​$80,000 to invest in a CD and a mutual fund. The CD yields 8​% and the mutual fund yields 6​%. The mutual fund

requires a minimum investment of ​$9,000​, and the investor requires that at least twice as much should be invested in CDs as in the mutual fund. How much should be invested in CDs and how much in the mutual fund to maximize the​ return? What is the maximum​ return?
Mathematics
1 answer:
zhenek [66]3 years ago
4 0

Answer:

  • mutual fund: $9000
  • CDs: $71000
  • return: $6220, an average of 7.775%

Step-by-step explanation:

Since the mutual fund is the lower yield vehicle, only the minimum should be invested there.

The investments and returns should be ...

  mutual fund: $9000, return = 6% × $9000 = $540

  CD: $71000, return = 8% × $71000 = $5680

The maximum return is ...

  $540 +5680 = $6220

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<h3>✽ - - - - - - - - - - - - - - - ~Hello There!~ - - - - - - - - - - - - - - - ✽</h3>

➷ -2x + 3 < 5

Subtract 3 from both sides:

-2x < 2

Divide both sides by -2 to isolate x:

x = -1

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3 years ago
I NEED HELP ASAP!!!!!!
krek1111 [17]

Answer:

83.3%

Step-by-step explanation:

The probability of rolling a 3 on a 6-sided dice is 1/6

Since you don't want a three, there's a 5/6 chance of not rolling a 3

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Therefore, the most reasonable answer would be C, 83.3%

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3 years ago
Sydney has a rectangular pool as shown in the figure. The pool is 6 feet deep throughout. mc017-1.jpg How much water is needed t
densk [106]
The amount of water that is needed to fill the pool is equal to the volume of the pool.

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Given:

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He is only allowed to work 13 hours total per week.

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x+y\leq 13

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