1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
marysya [2.9K]
3 years ago
10

A 60-year old customer has a 401(k) account with your firm that has $280,000, mainly invested in growth mutual funds. The custom

er has an elderly widowed aunt who has died, and her estate attorney has contacted him, notifying him that he has been left $100,000 as an inheritance. The customer is single and has an annual income of $100,000 per year. He wants to use the inheritance to buy a retirement home, which he expects to do in 7 years. Over this investment time horizon, the general expectation is that interest rates will rise. The best recommendation to the customer is to invest the $100,000 in:
Mathematics
1 answer:
KiRa [710]3 years ago
6 0

Answer:

Money Market Instruments

Step-by-step explanation:

Money market instruments can be defined as a form of securities that help to provide businesses, banks as well as the government with large sum of amounts of low-cost capital for a short period of time because the financial markets tend to meet longer-term cash needs while Businesses tend to need short-term cash due to the fact that payments for goods and services sold might take months which is ‘Money Market’ are often been used to help to define a market where short-term financial assets are traded because they aim to increase the financial liquidity of a businesses company's or organization's.

The best recommendation to the customer is to invest the $100,000 in: MONEY MARKET INSTRUMENTS

You might be interested in
Peter is renting two kinds of rafts for a vacation company. One type seats 3
Nady [450]

Answer:

Peter rents 6 of the rafts seating 3 people, and 7 of the rafts seating 5 people.

Step-by-step explanation:

Let x denote the number of rafts seating 3 people and y the number of rafts seating 5 people. The total number of rafts is 13, so x+y=13. We can also assume that every raft is filled to the brim (it isn't stated explicitly though, but it's probably the intention of the question maker), so 3x+5y=53.

It's always a good idea to put these equations under each other:

\left \{ {{x+y = 13} \atop {3x+5y=53}} \right.

We can subtract the first equation three times from the second one to obtain (3x+5y)-3(x+y) = 53 - 3(13)\\3x-3x + 5y - 3y = 53 - 39\\2y = 14\\y=\frac{14}{2} = 7

Now, substitute this found value for y into x+y = 13 and we see that x=6. We are now done: Peter rents 6 of the rafts seating 3 people, and 7 of the rafts seating 5 people.

5 0
3 years ago
Help plz it won’t take long
ale4655 [162]
Your answer will be -23/8
8 0
3 years ago
Read 2 more answers
20 points! Simplify: 2y(2y+3yx^{2} )-y^{2} (3-y) please show work!
arlik [135]

Answer:

8x2y - 6x2 - 8xy2 - y2

Step-by-step explanation:

Equation at the end of step  1  :

 (((((5•(x2))•y)-(5•(x2)))+(3y•(x2)))-(3•(y2)))-((((x2)+(y2))+(8x•(y2)))-3y2)

Step  2  :

Equation at the end of step  2  :

 (((((5•(x2))•y)-(5•(x2)))+(3y•(x2)))-(3•(y2)))-((((x2)+(y2))+23xy2)-3y2)

Step  3  :

Equation at the end of step  3  :

 (((((5•(x2))•y)-(5•(x2)))+(3y•(x2)))-3y2)-(x2+8xy2-2y2)

Step  4  :

Equation at the end of step  4  :

 (((((5•(x2))•y)-(5•(x2)))+3x2y)-3y2)-(x2+8xy2-2y2)

Step  5  :

Equation at the end of step  5  :

 (((((5•(x2))•y)-5x2)+3x2y)-3y2)-(x2+8xy2-2y2)

Step  6  :

Equation at the end of step  6  :

 ((((5x2•y)-5x2)+3x2y)-3y2)-(x2+8xy2-2y2)

Step  7  :

Final result :

 8x2y - 6x2 - 8xy2 - y2

4 0
3 years ago
What is the value of x?
3241004551 [841]

Answer:

A

Step-by-step explanation:

Hope it will help you......

6 0
3 years ago
Read 2 more answers
0ut of 30 litres of milk, bought for rs 15.50 per litre ,4 litres are lost by leakage. what is gained by selling the remainder a
Fudgin [204]

Answer:

55 Rs.

Step-by-step explanation:

cost of the milk:

15.5 x 30 = 465 Rs.

Gross sales of the milk:

26 x 20 = 520 Rs.

Profit:

520 - 465 = 55 Rs.

4 0
3 years ago
Other questions:
  • Certain clouds form when temperatures fall below minus−61 degrees°C.What is this temperature in degrees​ Fahrenheit?
    10·1 answer
  • What is the area of a regular pentagon with a side length of 9 millimeters and an apothem length of 6.2 millimeters?
    14·1 answer
  • How to round 750 to the nearest hundred
    13·1 answer
  • PLEASE HELP WILL MARK BRAINLIEST <br>27+y=14 y=3x²-4​
    13·1 answer
  • |-8+(-12)|-|-12+32 simplified
    7·1 answer
  • (14x+8y+3)-(11x-6y+2)
    15·1 answer
  • Determine the degree of the polynomial −56a2y3+23a2y−29a+17.
    11·1 answer
  • Under what circumstance can the quadratic function not be written in factored form
    11·1 answer
  • A train can travel 744 miles in 3 hours. What is the unit rate that this train is traveling per hour?
    9·1 answer
  • Can somebody please help me
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!