Find out how much money you should invest in accounts

Assignment Help Financial Management

Reference no: EM131566979

Suppose that you invest $17600.00 between two accounts. The first account is safer and yields 5.8% interest. The second account is riskier, but yields an interest rate of 9.8%. Letting x denote the amount of money invested in the first, safer account, and letting y denote the amount of money invested in the second, riskier account, setup a system of linear equations which you could solve to find out how much money you should invest in the accounts so that you earn $1380.80 in interest per year.

Equation 1:

Equation 2:

Reference no: EM131566979

Questions Cloud

What monthly payment is required in order to pay off loan : What monthly payment is required in order to pay off the loan with 15 years of equal payments made at the end of each month?

Insurance marketing-distribution : Justabitof Insurance is considering to expand into State X. State X has open competition in very large commercial lines ($500,000 in premium or more).

Why is the selection of culturally neutral assessment tools : Why is the selection of culturally neutral assessment tools so critical to the ethical practice of psychology

Find an expression for total increase in the capital stock : Let K(t) denote the capital stock of an economy at time t. Then net investment at time t, denoted by I(t), is given by the rate of increase K(t) of K(t).

Find out how much money you should invest in accounts : Suppose that you invest $17600.00 between two accounts. find out how much money you should invest in accounts so that you earn $1380.80 in interest per year.

How globalization and technology changes : Assess how globalization and technology changes have impacted the corporation you researched.

Choose a topic related to us history up to 1877 : Choose a topic related to "U.S. History up to 1877" (Chapters 1 - 15 -- Chapter 16 is in the next course) that you would truly like to explore .

Compute the consumer and producer surplus : Suppose that the demand and supply curves are P = f (Q) = 200 - 0.2Q and P = g(Q) = 20 + 0.1Q, respectively. Find the equilibrium price and quantity.

The free trade credit and the costly trade credits : What are the differences between the free trade credit and the costly trade credits? What do you understand about commitment fee on an overdraft facility?

User Account

All Pages