Posted by **Anonymous** on Wednesday, July 21, 2010 at 1:14pm.

Mr. and Mrs. Garcia have a total of $ 100,000 to be invested in stocks, bonds, and a money market account.The stocks have a rate of return of 12%/ year, while the bonds and the money market account pay 8% and 4%/ year, respec-tively. They have stipulated that the amount invested in the money market account should be equal to the sum of 20% of the amount invested in stocks and 10% of the amount invested in bonds. How should the Garcias allocate their resources if they require an annual income of $ 10,000 from their investments?

## Answer This Question

## Related Questions

- algebra 2 - Suppose that you have received an unexpected inheritance of $36,000...
- Algebra - A stock broker has $200,000 to invest in stocks and bonds. She wants ...
- Math - formulate but do not solve the linear programming problem. Tracy has at ...
- linear equation - john invested $4000 into stocks(s) and bonds(b). The stocks ...
- algebra - Helen has 1/5 of her prorfolio in U.S. stocks, 1/8 of her porfolio in ...
- algebra - $50,000 was invested in bonds at %6and stocks at 8%. how much money ...
- Math - The management of a private investment club has a fund of $114,000 ...
- 8th gr algebra - joan invested some money in bonds at 6% and $8000 less that in ...
- Algebra 1 - A person invested $20,000 in stocks and bonds. Her investment in ...
- math - I have a question and I have read and read and cant comprend how to ...

More Related Questions