Answer:
- CDs: $30,000
- bonds: $90,000
- stocks: $50,000
Step-by-step explanation:
You can let c, b, s represent the investments in CDs, bonds, and stocks, respectively.
c + b + s = 170000 . . . . . . total invested
0.0325c +0.038b +0.067s = 7745 . . . . . . . annual income
-c + b = 60000
You can solve this set of equations using any of a number of methods, including on-line calculators, graphing calculators, scientific calculators, Cramer's Rule, substitution, elimination, and more. The solution is ...
c = 30,000
b = 90,000
s = 50,000
Maricopa's Success invested $30,000 in CDs, $90,000 in bonds, and $50,000 in stocks.
