suppose that your long-lost Aunt Sara has left you an unexpected inheritance of$22,400.You have decided to invest the money rather than spend it on frivolous purchases. Your financial advisor has recommended that you diversify by placing some of the money in stocks and some in bonds. Based upon current market conditions, she has recommended that the amount in bonds should equal three-fifths of the amount invested in stocks. How much should be invested in stocks? How much should be invested in bonds?

 

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Juanita has $37,000 to invest in two accounts that pay simple interest on an annual basis. One account pays 4% in simple interest, and the other pays 3% simple interest. How much would she have to invest in each account to earn a total interest of $1,250 after one year? She would have to invest S at 4% simple interest and (Simplity your answers.) at 3% simple interest. Juanita has $37,000 to invest in two accounts that pay simple interest on an annual basis. One account pays 4% in simple interest, and the other pays 3% simple interest. How much would she have to invest in each account to earn a total interest of $1,250 after one year? She would have to invest S at 4% simple interest and (Simplity your answers.) at 3% simple interest.

Answer rating: 100% (QA)

amount left 22400 amount in bonds 35 amount in stocks ... View the full answer