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Catracho Catracho
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Posts: 529
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5 years ago Edited: 5 years ago, bio_man
An investment firm recommends that a client invest in bonds rated AAA, A, and B. The average yield on AAA bonds is 5%, on A bonds 7%, and on B bonds 12%. The client wants to invest twice as much in AAA bonds as in B bonds. How much should be invested in each type of bond if the total investment is $22,000, and the investor wants an annual return of $1,590 on the three investments.

An investment firm recommends that a client invest in bonds rated​ AAA, A, and B. The average yield on AAA bonds ……………………….
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Answer rejected by topic starter
wrote...
Valued Member
Educator
5 years ago
Set

x = AAA
y = A
z = B

Set up your equations:

\(0.05 x + 0.07 y + 0.12 z = 1590\)
\(x -2 y = 0\)
\(x + y + z = 22000\)

Now solve however you like

x = 11052.631
y = 5526.315
z = 5421.052

Round as you wish.
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