Time remaining:
##### What are the balances for each type of investment at the end of the third year?

 Accounting Tutor: None Selected Time limit: 1 Day

You saved \$20,000.00 and want to diversify your monies.  You invest 45% in a Treasury bond for 3 years at 4.35% APR compounded annually.  You place 15% in a CD at 3.75% APR for 3 years compounded annually.  20% you invest in a stock plan and the remainder is in a savings account at 2.90% APR compounded annually.  The stock plan increases 8% the first year, decreases in value by 4% the second year, and increases by 6% the third year.

Apr 23rd, 2015

Treasury bond Investment (20,000 *45/100) = \$9,000

Value of Treasury Bond after 3 years = \$10,226.33

C D Investment (20,000 *15/100) = \$3,000

Value of C D Investment after 3 years = \$3,350.31

Savings Account Investment (20,000 *20/100) = \$4,000

Value of Savings Account after 3 years = \$4,358.19

Stock Investment (20,000 *20/100) = \$4,000

Value of Stock Investment after 3 years = \$4,396.03

Apr 23rd, 2015

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Apr 23rd, 2015
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Apr 23rd, 2015
Dec 8th, 2016
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