Objective 2.14 or 2.17 Edmonds Community College's (EDCC) scholarship fund received a gift of $ 425,000.
The money is invested in stocks, bonds, and CDs.
CDs pay 2% interest, bonds pay 5.8% interest, and stocks pay 12% 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 $13,590 , how much was invested in each vehicle?
solve by the method of your choice either using reduced row echelon form or the matrix equation. Round
answers to the nearest thousand. EDCC invested
$
in stocks
si
in bonds
$
in CDs
Submit Question