Betsy, a recent retiree, requires $2100 per year in extra income. She has $50,000 to invest and
Question:
Betsy, a recent retiree, requires $2100 per year in extra income. She has $50,000 to invest and can invest in B-rated bonds paying 6% per year or in a certificate of deposit (CD) paying 1.2% per year. How much money should Betsy invest in each to realize exactly $2100 in interest per year.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (7 reviews)
Lets assume Betsy invests x dollars in Brated bonds and 50000 x dollars in the c...View the full answer
Answered By
Collins Njuguna
I graduated from Maseno University with a Bachelor of Science in Applied Statistics. After graduation, I started tutoring students in mathematics. My experience in mathematics education is extensive and varied. I have taught a wide range of topics, including algebra, geometry, trigonometry, calculus, statistics, probability, and computer science. I have also worked with students of all ages and backgrounds, from elementary school to college.
My teaching method is based on the idea of hands-on learning. I believe that students learn best when they are actively engaged in the learning process, so I focus on giving students the tools they need to explore the material on their own. I also emphasize the importance of practice and review, as these are essential for mastering math concepts.
I have also developed several online and in-person courses on mathematics. My courses are designed to help students learn mathematics in an efficient and comprehensive way, and I use a variety of activities and exercises to ensure that my students are engaged and motivated.
Overall, my passion for mathematics and teaching has allowed me to be a successful tutor and educator in the field. I am confident that my experience will help your students master the mathematics they need to succeed.
0.00
0 Reviews
10+ Question Solved
Related Book For
Precalculus Concepts Through Functions A Unit Circle Approach To Trigonometry
ISBN: 9780137945139
5th Edition
Authors: Michael Sullivan
Question Posted:
Students also viewed these Mathematics questions
-
After 2 years, Betsy (see Problem 19) finds that she will now require $7000 per year. Assuming that the remaining information is the same, how should the money be reinvested? Data in Problem 19...
-
After 2 years, Betsy (see Problem 19 ) finds that she will now require $2700 per year. Assuming that the remaining information is the same, how should the money be reinvested? Data from problem 19...
-
Betsy, a recent retiree, requires $6000 per year in extra income. She has $50,000 to invest and can invest in B-rated bonds paying 15% per year or in a certificate of deposit (CD) paying 7% per year....
-
Given the definition of the radian angle: S l Where [s] = m, [4] = m What are the dimensions of angles? A. No way to know B. meters, m C. 1 (or no units/dimensions) D. seconds, S E. kilograms, kg
-
How could we use the margin of safety to calculate the percent change in profit given a percent change in sales?
-
Find the center-radius form of the equation for each circle. Center (-2, 3), radius 15
-
If you were trying to examine this issue, how would you proceed? Any suggestions for me to take next steps? same. Is that what happened? You normally wouldnt borrow money from the company, would you?
-
McLennon Company had an Accounts Receivable balance of $320,000 and a credit balance in Allowance for Uncollectible Accounts of $16,700 at January 1, 2014. During the year, the company recorded the...
-
Costs transferred in from Department A to Department B Blank______. Multiple choice question. will not be complete with respect to work done in Department A must be at least 50% complete will always...
-
In Problems 1122, use U = universal set = {0, 1, 2, 3, 4, 5, 6, 7, 8, 9}, A = {1, 3, 4, 5, 9}, B = {2, 4, 6, 7, 8}, and C = {1, 3, 4, 6} to find each set. BUC
-
In Problems 11 54, simplify each expression. Assume that all variables are positive when they appear. 3/54
-
Find Io in the circuit shown using superposition 6 2 2 30mA tia Io
-
1 July 2019, Clarabel sold two assets: (a) diamond ring for $909 (purchased for $600) (b) a television for $1,000 (purchased for $2,500). All assets were bought on 1 July 2010. Required: What is...
-
The manufacturing and processing profits deduction is ___________ Question content area bottom Part 1 A. a special deduction that provides tax assistance to organizations involved in manufacturing...
-
Union Local School District has a bond outstanding with a coupon rate of 3.2 percent paid semiannually and 21 years to maturity. The yield to maturity on this bond is 3.5 percent, and the bond has a...
-
Explain in 125 original words or more- Why having legal writing skills is important as a paralegal.
-
When referring to the firing squad and electric chair ; Do either of these methods of carrying out capital punishment violate the 8th Amendment? BASED ON Lee Epstein and Thomas Walker:...
-
The average age of online consumers a few years ago was 23.3 years. As older individuals gain confidence with the Internet, it is believed that the average age has increased. We would like to test...
-
What recommendations would you make to Big Four firms to help them (1) avoid confrontations with governmental officials in an authoritarian society and (2) deal effectively with such confrontations...
-
In Problems 1728, approximate each number using a calculator. Express your answer rounded to three decimal places. 158 15 6 8.63
-
In Problems 1328, use properties of logarithms to find the exact value of each expression. Do not use a calculator. log3 8.log8 9
-
In Problems 1728, approximate each number using a calculator. Express your answer rounded to three decimal places. (1 + 0.04) 6
-
A topic that has a local focus, such as a change that needs to happen in your community. Please include three things: what the need for change is, what your planned solution is, and who the audience...
-
Describe the intervals on which the function f is continuous. At each point where f fails to be continuous, use limits to determine the type of discontinuity and any left or right-continuity. 3x if x...
-
Discuss two or three strategies you can utilize when writing or speaking to persuade others to accept your point of view. Please support your assertions using two (2) scholarly sources.
Study smarter with the SolutionInn App