5 decenas de millón, 8 centenas de millar
1 answer:
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Answer:
<em>Steve should place $6,250 in the 5-year CD and $18,750 in the corporate bond</em>
Step-by-step explanation:
<u>System of Equations</u>
We need to find how Steve will distribute his investments between two possible options: one of them will pay 5% per annum and the other will pay 9% per annum. We know Steve has $25,000 to invest and wants to have an overall annual rate of return of 8%.
Let's call x to the amount Steve will invest in the CD paying 5% per annum and y to the amount he will invest in a corporate bond paying 9% per annum.
The total investment is $25,000 which leads to the first equation
If x dollars are invested at 5%, then the interest return is 0.05x. Similarly, y dollars at 9% return 0.09y. The overall return is 8% on the total investment, thus
Rearranging:
Simplifying
Multiplying by 100
Substituting in the first equation
And therefore
Steve should place $6,250 in the 5-year CD and $18,750 in the corporate bond
Answer:
The answer to your question is: third option is correct.
Step-by-step explanation:
The correct answer is: Jacob's rate is two more than one-third Marc's rate.
First option is: 3r + 2
Second option is: 2 + 3r
Fourth option: 1/3 r - 2
Answer:
2000 * 1.08 * 1.08 * 1,08 ....
well, since we are multiplying the same number over and over, let's just write
equals
$9321.91