An investor has $100,000 to invest and can choose between insured savings at 3.5% interest or annuities
Question:
An investor has $100,000 to invest and can choose between insured savings at 3.5% interest or annuities paying 6.25%. If the investor wants to earn an annual income of $4,490, how much should be invested in each?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
AMT INVESTED IN SAVINGS AMT IN ANNUITIES TOTAL INVESTED AMT INVESTED IN SAVIN...View the full answer
Answered By
John Aketch
I am a dedicated person with high degree of professionalism, particularly in academic writing. My desire is to is to make students excel in their academic endeavor.
5.00+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Sciences questions
-
1. Joshua Vermier of Sacramento, California, received a raise after his first year on the job to $43,800 from his initial salary of $42,000. What was Joshuas raise stated as a percentage? Inflation...
-
An investor has $24,000 to invest in bonds of AAA and B qualities. The AAA bonds yield an average of 6%, and the B bonds yield 10%. The investor requires that at least three times as much money...
-
What impact has this food pantry funding had on your organization and the neighbors you serve in your community?
-
A coil of wire 0.1 m long and having 15 turns carries a current of 1.0 A. (a) Compute the flux density if the coil is within a vacuum. (b) A bar of an iron-silicon alloy, the B-H behavior for which...
-
The Schmidt number for self-diffusion at high density (a) Use Eqs. 1.3-1b and 17.2-2 to predict the self-diffusion Schmidt number Sc = /pD AA at the critical point for a system with M A M A . (b)...
-
The theory-based p-value given in the regression table in the Corr/Regression applet is: A. A two-sided p-value B. A one-sided p-value C. Either a one-sided or two-sided p-value depending on how you...
-
1. CPA QUESTION When a common stock offering requires registration under the Securities Act of 1933: (a) The registration statement is automatically effective when filed with the SEC. (b) The issuer...
-
Hans Supplies bank statement contained a $270 NSF check that one of its customers had written to pay for supplies purchased. Required a. Show the effects of recognizing the NSF check on the financial...
-
Paid $1,900 in cash for advertising expense. Paid $1,500 in cash for supplies. (1) Select which two accounts are affected in each of the above transactions. (2&3) Post the above transactions into...
-
Problems 5060 do not match the examples in this text, but all the problem-solving techniques necessary to answer these questions have been covered in this text. These problems are designed to test...
-
Reconsider Problem 46 if you are recording by eliminating the commercials from the recording process. Suppose that recording time is l hours and that there are c minutes of commercials each hour....
-
Land appraised at $80,000 is purchased by issuing 1,000 shares of $20 par value common stock. The market price of the shares at the time of the exchange, based on active trading in the securities...
-
Multiply the polynomials. (x+4) (8x-7)
-
Explain what is imagination age and how it relates to equality, diversity and inclusion?
-
3-24 What is your opinion on the view that coaches are responsible for the conduct of their assistants and players? 3-25 How can university leaders create a culture of ethics and compliance in...
-
x 2 = 5 x ( x + 3 6 0 ) Factored
-
Explain the process and tasks to apply, interview, and follow up for a job most effectively Identify common employment messages and explain when you would use each one First, share at least four...
-
The sales budget is the foundation of the entire master budget. How do sales personnel help formulate the budget? Compare the role of sales personnel to that of a central staff function, such as...
-
Refer to the situation described inBE 18-13, but assume a 2-for-1 stock split instead of the 5% stock dividend. Prepare the journal entry to record the stock split if it is to be effected in the form...
-
Compute points on the velocity profile from the pipe wall to the centerline of a 3/4-in Type K copper tube if the volume flow rate of water at 60F is 0.50 gal/min. Use increments of 0.05 in and...
-
Compute points on the velocity profile from the tube wall to the centerline of a plastic pipe, 125 mm OD 7.4 mm wall, if the volume flow rate of gasoline (sg = 0.68) at 25C is 3.0 L/min. Use...
-
A simple heat exchanger is made by welding one-half of a 1¾-in drawn steel tube to a flat plate as shown in Fig. 9.30. Water at 40°F flows in the enclosed space and cools the plate....
-
has a small business in the U.S. in which she produces one-of-a-kind jewelry using semi-precious gemstone beads. She purchases a supply of gemstone beads from a company m, and sells several necklaces...
-
1 . Kiteland ( K ) and Airland ( A ) are two economies with total labour of 5 0 and 1 5 0 , respectively. The tastes and preferences of these economies, over the two goods X and Y , are the same and...
-
PowerPoint Presentation X S PowerPoint Presentation e.com/courses/27477/quizzes/64226/take 17 The latest finish time for an activity. O equals min of LS of all immediate following activities O equals...
Study smarter with the SolutionInn App