Wednesday
October 22, 2014

Homework Help: math

Posted by donna on Tuesday, March 9, 2010 at 11:24am.

An inheritance of $50,000 is divided into two investments earning 8.5% and 10% simple interest. ( The 10% investment has a greater risk.) Your objective is to obtain a total annual interest income of $4700 form the investments. What is the smallest amount you can invest at 10% in order to meet your objective?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Algebra - An inheritance of $19,000 was divided among three investments yielding...
Algebra - Ramona divided his 35,000 inheritance between two investments, one ...
College Algebra - You plan to invest $12,000 in two funds paying 41/2% and 5% ...
Math - Becky has saved $4500. She would like to earn $325 per year, by ...
math - Investing inhertance.Norman invested one-half of his inheritance in a CD ...
Math - A person with no more than $15,000 to invest plans to place the money in ...
linear equation - A financial advisor is about to build an investment portfolio ...
algebra - an investment of $50,000 was made by a busines club. the investment ...
math - a person with no more than $15,000 to invest plans to place the money in ...
Math - The management of a private investment club has a fund of $114,000 ...

Search
Members