I really need help setting up the problem: defining the variables and setting up system of equations. THANKS!!!
You have $25000 to invest and have a medium high tolerance for risk. Your financial consultant recommends that you invest in Treasury Bonds, Euity Funds and Corporate Stock to have a diverse portfolio. Bonds yield 5% annually, Funds yield 7% and Stocks yield 9% annually on average. You want an annual income (intrest) of $1850. You prefer to have twice as much invested in Funds then Bonds. How much should you invest in each options?
You have $25000 to invest and have a medium high tolerance for risk. Your financial consultant recommends that you invest in Treasury Bonds, Euity Funds and Corporate Stock to have a diverse portfolio. Bonds yield 5% annually, Funds yield 7% and Stocks yield 9% annually on average. You want an annual income (intrest) of $1850. You prefer to have twice as much invested in Funds then Bonds. How much should you invest in each options?
