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Edmonds Community College's (EDCC) scholarship fund received a gift of $ 275,000. The money is invested in stocks, bonds, and CDs. CDs pay 5.75% interest,
Edmonds Community College's (EDCC) scholarship fund received a gift of $ 275,000. The money is invested in stocks, bonds, and CDs. CDs pay 5.75% interest, bonds pay 3.3% interest, and stocks pay 6.1% simple interest. To better secure, the total investment EDCC invests 4 times more in CDs than the sum of the stocks and bonds investments If the annual income from the investments is $14,885, how much was invested in each vehicle? solve by the method of your choice either using reduced row echelon form of the matrix equation
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