Mathematics, 27.09.2021 06:50 christinasmith9633
Country Day's scholarship fund receives a gift of $ 130000. The money is invested in stocks, bonds, and CDs. CDs pay 6 % interest, bonds pay 2.8 % interest, and stocks pay 11.8 % interest. Country day invests $ 15000 more in bonds than in CDs. If the annual income from the investments is $ 8070 , how much was invested in each vehicle?
Country Day invested $
in stocks.
Country Day invested $
in bonds.
Country Day invested $
in CDs.
Answers: 3
Mathematics, 21.06.2019 19:30
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Mathematics, 21.06.2019 20:10
A. use the formula for continuous compounding with the original example: $1000 invested at 2% for 1 year. record the amount to 5 decimal places. use a calculator. b. compare it to the result using the original compound interest formula with n = 365 calculated to 5 decimal places. which has a larger value? explain.
Answers: 1
Mathematics, 21.06.2019 21:30
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Mathematics, 22.06.2019 00:00
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