An investor has $59,000 to invest in three types of bonds. They are short term, intermediate term, and long term. How much should she invest in each type to satisfy the given conditions? Short term bonds pay 4% annually, intermediate term bonds pay 6%, and long term bonds pay 8%. The investor wishes to have a total annual return of $3,800 on her investment, with equal amounts invested in intermediate term and long term bonds.
2007-12-04
17:25:52
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2 answers
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asked by
Rachel
1