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July 28, 2014

Homework Help: Mathematics

Posted by Kevin on Tuesday, September 23, 2008 at 5:51pm.

Carletta has $10,000 to invest. As her financial consultant you recommend that she invest in Treasury Bills that yield 6%, Treasury Bonds that yield 7%, and coroporate bonds that yield 8%. Carletta wants to have an annual income of $680, and the amount invested in corporate bonds must be half that invested in Treasury Bills. Find the amound she should place in each investment using matrix.

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