yeahmaneee
20.02.2020 •
Business
Roberto just retired, and has $690,000 to invest. A very safe Certificate of Deposit (CD) account pays 2.5%, while a riskier bond fund pays 6% in interest. Roberto figures he needs $35,000 a year in interest to live on. How much should he invest in each account to make enough interest while minimizing his risk
Solved
Show answers
More tips
- S Style and Beauty How to Get Rid of Peeling Nails: Natural Remedies...
- F Family and Home What is Most Important in Men s Lives?...
- H Health and Medicine Why Wearing a Back Brace Can Be Beneficial During Back Strain?...
- S Sport When and Where Will the 2014 World Cup be Held?...
- C Computers and Internet How to Choose a Monitor?...
- H Horoscopes, Magic, Divination Where Did Tarot Cards Come From?...
- S Style and Beauty How to Make Your Lips Fuller? Ideas and Tips for Beautiful Lips...
- C Computers and Internet How to Learn to Type Fast?...
Answers on questions: Business
- B Business Last year, you purchased 530 shares of Forever, Inc., stock at a price of $45.88 per share. You received $742 in dividends and a total of $26,792 when you sold the...
- B Business Blueroot Inc. is considering a change in its financing policy. Currently, it uses maximum trade credit by not taking discounts on its purchases. The standard industry...
- B Business During FY 2016, Bravo Manufacturing had a beginning finished goods inventory of $250 & ending finished goods inventory of $1,000. Work-in-process decreased by...
- B Business Corbel Corporation has two divisions: Division A and Division B. Last month, the company reported a contribution margin of $46,400 for Division A. Division B had a...
- B Business Mesia has come to you for help. For the third time this month, she has recorded a cash receipt twice. She wants you to record a correcting entry that will reverse...
- B Business Marko, Inc. is considering the purchase of ABC Co. Marko believes that ABC Co. can generate cash flows of $6,600, $11,600, and $17,800 over the next three years, respectively....
- C Chemistry Which of these actions is likely to prevent the spread of pathogens in the environment? Washing hands once a week Coughing out loud Touching wounds Washing fruits...
- B Business What Super Union had taken on railroad companies and factories to improve the conditions for workers? a. knights of labor b. American Federation of Labor (AFL) c....
- M Mathematics What is the volume of the prism?...
- M Mathematics Janet uses 2 cups of strawberries to make 4 cups of strawberry jam. How many cups of strawberries are required to make 10 cups of strawberry jam?...
Ответ:
It will invest $ 182,857.15 in Certificate of Deposit
and $ 507,142.85 in a bond fund
Explanation:
A+B = 690,000
A x 0.025 + B x 0.06 = 35,000
A = 690,000 - B
(690,000 - B) x 0.025 + B x 0.06 = 35,000
17,250 - 0.025B + 0.06B = 35,000
0.035B = 35,000 - 17,250
B = 17,750 / 0.035 = 507.142,85
A = 690,000 - 507,142.85 = 182.857,15
Ответ:
a. it would have been more elastic.
Explanation: