A person wants to invest money in three different college savings plans. Matrix A contains the percentages

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A person wants to invest money in three different college savings plans. Matrix A contains the percentages (in decimal form) invested in bonds, stocks, and a conservative fixed income fund for each of the three different plans. Matrix B gives the total amount invested in each of the three savings plans, and matrix C gives the rates of return (in decimal form) for one year and for five years.

Bonds Stocks Fixed Income Plan 1 .50 .43 .07 .29 45 .26 Plan 2 Plan 3 .40 .40 .20 Plan 1 Plan 2 Plan 3 8000 10,000 ] B=[

Calculate and interpret the following:
(a) BA
(b) BC
(c) 2B
(d) The row 1, column 2 entry of BA
(e) The row 1, column 1 entry of BC

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Finite Mathematics and Its Applications

ISBN: 978-0134768632

12th edition

Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair

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Question Posted: Feb 12, 2018 08:15 AM

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A person wants to invest money in three different college savings plans. Matrix A contains the percentages

Question:

Bonds Stocks Fixed Income Plan 1 .50 .43 .07 .29 45 .26 Plan 2 Plan 3 .40 .40 .20 Plan 1 Plan 2 Plan 3 8000 10,000 ] B=[ 5000 One Year Five Year .0032 .1119 Plan 1 Plan 2 .0233 .0976 .0320 .0467 Plan 3

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a Total amount invested in bonds stocks and the conservative fixed income fund res...View the full answer

Finite Mathematics and Its Applications

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