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answer. w5 #4 Sol.pdf WS #5 Sol.pdf Quiz 12.pdf x A bank wishes to invest $300,000 in three sources: bonds paying 2%, stocks paying 4%,
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w5 #4 Sol.pdf WS #5 Sol.pdf Quiz 12.pdf x A bank wishes to invest $300,000 in three sources: bonds paying 2%, stocks paying 4%, and mutual funds paying 5%. The bank wishes to realize an $14,000 annuali ncome from the investment. A coordination of the trust is that the total amount invested in bonds and stocks must be double the amount invested in mutual funds. How much should the bank invest in each possible category? a) Clearly define your variables b) Set up a system of linear equations for this problem. (DO NOT SOLVE!) O ch R G K . S V M BNStep by Step Solution
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