blake has 13000 one account earns 2% intrest the other 10% intrest. how much should he invest

Fantastic news! We've Found the answer you've been seeking!

Question:

blake has 13000 one account earns 2% intrest the other 10% intrest. how much should he invest in each account to earn $580 at end of year one?

Related Book For answer-question

Managerial Decision Modeling With Spreadsheets

ISBN: 9780136115830

3rd Edition

Authors: Nagraj Balakrishnan, Barry Render, Jr. Ralph M. Stair

See More Books

Posted Date: Apr 05, 2023 05:28 AM

See More Questions

James needs to mix a 30% saline solution with a 60% saline solution to create 200 millileters of a 55.5% solution. How many millileters of each solution must James use? Answer: James must mix...
Theo Harris earns $55,000 a year and has $9,000 to invest in a portfolio. His investment alternatives and their expected returns are shown in the table at the top of the next column. Theos investment...
RETIREMENT PLANNING Bob Davidson is a 46-year-old tenured professor of marketing at a small New England business school. He has a daughter, Sue, age 6, and a wife, Margaret, age 40. Margaret is a...
You accepted a new job with starting salary of $52,000 per year. The salary is expected to increase 4% each year. Now it is time to make a retirement plan for the next 39 years you expect to work....
Sloan Trailers' job cost records yielded the following information: Requirement 1. Use the dates in the table to identify the status of each job. Compute Sloan's cost of (a) Work in process inventory...
Determine the equation of motion if the mass in Problem 3 is initially released from the equilibrium position with a downward velocity of 2 ft /s. Problem 3 A mass weighing 24 pounds, attached to the...
What is meant by dual purpose testing?
Tuff-Rider, Inc., manufactures touring bikes and mountain bikes in a variety of frame sizes, colors, and component combinations. Identical bicycles are produced in lots of 100. The projected demand,...
A company's inventory on December 31, 2024, was $338,000 based on a physical count priced at cost, and before any necessary adjustment for the following: Inventory costing $43,000, shipped f.o.b....
Use the from step b) to compute the monthly excess outperformance (or underperformance in case the number is negative) of Fund X. The formula is: RX - RVG (as a reminder Rx and Rvg are excess returns...
Responsibility for the overall management of Beta, Inc., a corporation, is entrusted to Answer the board of directors. the corporate officers and managers. the owners of the corporation. the...
At the beginning of March, Carla Vista Software Company had Cash of $11,742, Accounts Receivable of $18.483, Accounts Payable of $4,065, and G. Carla Vista, Capital of $26.160. During the month of...
consider the position of your coworker in relation to the ethical and legal forces at work, and then answer the questions. You work for Hallstead Communications, a midsized digital phone, cable, and...
The entity conducted an independent appraisal of the value of its real estate in accordance with previously applicable national rules. The entity's financial analysts determined that the values had...
Introduction In this lab, we will create our own class, namely Stat. The information of this class is described in the UML class diagram. Recall what we have learned about the UML (Unified Modeling...
While James Craig and his former classmate Paul Dolittle both studied accounting at school, they ended up pursuing careers in professional cake decorating. Their company, Good to Eat (GTE),...
Develop three statements that respond to the speakers in the following vignettes by (a) showing empathy, (b) seeking clarification, and (c) providing nonevaluative feedback. VIGNETTE #1 Your coworker...
Explain the term global capital markets. This chapter primarily discusses global equity markets. What other types of financial instruments are traded in these markets? How important are global...
Bismarck Manufacturing intends to increase capacity through the addition of new equipment. Two vendors have presented proposals. The fixed cost for proposal A is $65,000, and for proposal B, $34,000....
Explain the 100% rule and its role in analyzing the impact of simultaneous changes in model input data values.
How is the slack (or surplus) calculated for a constraint? How is it interpreted?
For methanol synthesis reaction \[ \mathrm{CO}(\mathrm{g})+2 \mathrm{H}_{2}(\mathrm{~g}) ightleftharpoons \mathrm{CH}_{3} \mathrm{OH}(\mathrm{g}) \] Using a feed mixture of carbon monoxide and...
The L2 steel blade of the band saw wraps around the pulley having a radius of $12 \mathrm{in}$. Determine the maximum normal stress in the blade. The blade has a width of 0.75 in. and a thickness...
An L2 steel strap having a thickness of 0.125 in. and a width of $2 \mathrm{in}$. is bent into a circular arc of radius $600 \mathrm{in}$. Determine the maximum bending stress in the strap.

blake has 13000 one account earns 2% intrest the other 10% intrest. how much should he invest

Question:

Expert Answer:

Let x be the amount Blake invests in the account with a 2 interest rate and y be the amount he ... View the full answer

Managerial Decision Modeling With Spreadsheets

Students also viewed these finance questions