Question
Edmonds Community College's (EDCC) scholarship fund received a gift of $ 325,000. The money is invested in stocks, bonds, and CDs. CDs pay 4% interest,
Edmonds Community College's (EDCC) scholarship fund received a gift of $ 325,000.
The money is invested in stocks, bonds, and CDs.
CDs pay 4% interest, bonds pay 5.1% interest, and stocks pay 10% 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 $14,940 , how much was invested in each vehicle?
solve by the method of your choice either using reduced row echelon form or the matrix equation
EDCC invested
$-----in stocks
$-----in bonds
$-----in CDs
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Modeling the Dynamics of Life Calculus and Probability for Life Scientists
Authors: Frederick R. Adler
3rd edition
840064187, 978-1285225975, 128522597X, 978-0840064189
