How much money was put into each type of investment

Assignment Help Mathematics

Reference no: EM13196122

To pay for their child's college education, the parents invest $10,000, part in a certificate of deposit paying 8.5% annual interest, The rest in a mutual fund paying 7% annual interest. The annual income from the certificate of deposit is $200.00 more than the annual income from the mutual fund. How much money was put into each type of investment?

Reference no: EM13196122

Questions Cloud

What order size will produce aminimum cost : The cost C of ordering and storing x units is C=2x+(30000/x). What order size will produce aminimum cost?

Calculate the firms weighted average cost of capital : Calculate the firm's weighted average cost of capital and what is Nealon's cost of equity capital when new shares are sold, and what is the weighted average cost of the added funds involved in the issuance of new shares?

Compute the enthalpy of vaporization of mercury : The vapor pressure of mercury is .0127 torr at 50 degrees celcius and .0888 torr at 80 degrees celcius. calculate the enthalpy of vaporization of mercury

Find the percentage increase : The price of a notebook has risen to today. Yesterday's price was . Find the percentage increase. Round your answer to the nearest tenth of a percent.

How much money was put into each type of investment : The annual income from the certificate of deposit is $200.00 more than the annual income from the mutual fund. How much money was put into each type of investment?

Define flow of naoh to where it will join the hcl : the idea of using the pressure at the bottom of the naoh tank to drive the flow of NAOH to where it will join the HCL

Find the amount of work in joules required to empty : The trough is full of water (density 1000 kg/m^3 ). Find the amount of work in joules required to empty the trough by pumping the water over the top. (Note: Use g=9.8 m/s^2 as the acceleration due to gravity.)

Calculate the value of each investment : Calculate the value of each investment based on your required rate of return and what required rates of return would make you indifferent to all three options?

Find the measure of each angle : Two angles are complementary. The measure of one angle is 1 1/2 times the measure of the other. Find the measure of each angle.

User Account

All Pages