Help me understand this algebr

Oct 7th, 2015
Price: $5 USD

Question description

Help me understand this algebra problem, Short-term bonds pay 4% annually, intermediate-term bonds pay 6%, and long-term bonds pay 8%. The investor plans on investing $100,000 total and wishes to get a return of $6700 on her investment, with equal amounts invested in intermediate and long-term bonds. How much should she invest in each type to satisfy the given conditions?

Tutor Answer

(Top Tutor) mickeygabz
School: New York University

Studypool has helped 1,244,100 students

Review from student
" Wow this is really good.... didn't expect it. Sweet!!!! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1825 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors