Sarah D.

asked • 05/10/23

What am I missing

Maricopa's Success scholarship fund receives a gift of $ 120000. The money is invested in stocks, bonds, and CDs. CDs pay 5.75 % interest, bonds pay 3.5 % interest, and stocks pay 11.7 % interest. Maricopa Success invests $ 70000 more in bonds than in CDs. If the annual income from the investments is $ 6177.5 , how much was invested in each account?

Mark M.

How would anyone deteremine what you are missing?
Report

05/10/23

Peter R.

tutor
Looks like a very conservative portfolio, with most of the money invested in the lowest interest-paying (but safer) assets: mostly bonds and some CD's.
Report

05/11/23

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