Answer:
investment in cd = x = $50000
investment in mutual funds = $ 25000
return = $5000
Step-by-step explanation:
let x be the investment in CD
let y be in mutual fund
from the data given we have
Return = 6% x + 8% y
Return = 0.06 x + 0.08 y
plotting these three inequalities on graph we have critical number as
(16000, 8000) : return = 0.06 (16000 + 0.08 (8000) = $1600
(50000, 25000) : return = 0.06 (50000) + 0.08 (25000) = $5000
(67000, 8000) return = 0.06 (67000) + 0.08(8000) = $4660
As we can see maximum benefit is $5000 so we have
investment in cd = x = $50000
investment in mutual funds = $ 25000
return = $5000
1 (100%) - 0.3 (30% or Fen's share) - 0.2 (20% or Sven's share) = 0.5 (50% or Jen's share)
120 * 0.3 = $36.00 (what Fen gets)
120 * 0.2 = $24.00 (what Sven gets)
Remainder of money or 120 * .5 = $60.00
They form at 90 degrees intersection !
45.....................................................
#1 is correct!
#2 is D - ASA
Hope this helps!! :)