![subject](/tpl/images/cats/mat.png)
Mathematics, 12.10.2019 19:30 KeyesRaveen
Steve has $25,000 to invest and wishes to earn an overall annual rate of return of 8%. his financial advisor recommends that he invest some of the money in a 5-year cd paying 4% per annum and the rest in a corporate bond paying 9% per annum. how much should steve place in each investment in order to achieve his goal?
if you can solve this, can you show your work and explain what i need to plug in where, and what equation i need to use? this is so confusing.
![ansver](/tpl/images/cats/User.png)
Answers: 2
![](/tpl/images/ask_question.png)
![](/tpl/images/ask_question_mob.png)
Other questions on the subject: Mathematics
![image](/tpl/images/cats/mat.png)
![image](/tpl/images/cats/mat.png)
![image](/tpl/images/cats/mat.png)
Mathematics, 21.06.2019 20:00, smariedegray
Aubrey read 29 books and eli read 52 books what number is equal to the number of books aubrey read?
Answers: 1
You know the right answer?
Steve has $25,000 to invest and wishes to earn an overall annual rate of return of 8%. his financial...
Questions in other subjects:
![Konu](/tpl/images/cats/himiya.png)
![Konu](/tpl/images/cats/ekonomika.png)
Business, 17.07.2019 07:30
![Konu](/tpl/images/cats/ekonomika.png)
![Konu](/tpl/images/cats/himiya.png)
![Konu](/tpl/images/cats/istoriya.png)
History, 17.07.2019 07:30
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/fizika.png)
Physics, 17.07.2019 07:30
![Konu](/tpl/images/cats/fizika.png)
![Konu](/tpl/images/cats/mat.png)
Mathematics, 17.07.2019 07:30
![Konu](/tpl/images/cats/obshestvoznanie.png)
Social Studies, 17.07.2019 07:30