Question

Charles invested $15,000 in stocks and bonds. He made a 12% profit on his stock investments and a 5% profit on his bond investments. If Charles's combined profits on both types of investments were $1,450, how much did he invest in stocks?​

Answer 1

Answer:When you leave the interest in your

account or reinvest the money you earn on your

investments, the money you earn starts to earn

money too. Over time, the magic of

compounding works, allowing your money to

grow with dramatic results. The more time you

have to save, the less money you need to save

because of compounding. And the longer you

wait to start saving, the more you have to spend

to reach your goal. For example, let’s assume

that Maria’s savings grow by 5% a year. If she

starts to save $243 a month now, it will cost her

$58,320 to have $100,000 in twenty years. If

she waits 10 years to start saving, she will have to

save $644 a month for 10 years, and it will cost

her $77,280 to reach $100,000 in twenty years.

Step-by-step explanation:Hope this helps!!!!

Answer 2

Answer:

$10,000 invested into stocks

Step-by-step explanation: