10.045You invest in AAA-rated bonds, A-rated bonds, and B-rated bonds. The average yields are 4.5%...
50.1K
Verified Solution
Link Copied!
Question
Basic Math
10.045You invest in AAA-rated bonds, A-rated bonds, and B-rated bonds. The average yields are 4.5% on AAA bonds, 5% on A bonds, and 9% on B bonds. You invest twice as much in B bonds as in A bonds. Let x, y, and zrepresent the amounts invested in AAA, A, and B bonds, respectively.X +y + z = (total investment)0.045x+0.05y + 0.09z = (annual return)2y-Z = 0MY NOTESUse the inverse of the coefficient matrix of this system to find the amount invested in each type of bond for the given total investment and annual return. (Round your answers to the nearest cent.)Total Investment Annual Return$12,700$815amount invested in AAA-bonds $amount invested in A-bonds$amount invested in B-bonds$PRACTICE ANOTHER
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
