You invest in AAA-rated bonds, A-rated bonds, and B-rated bonds. The average yields are 4.5% on AAA bonds, 5% on A bonds, and 9% on B bonds. You invest twice as much in B bonds as in A bonds. Let x ,...


You invest in AAA-rated bonds, A-rated bonds, and B-rated bonds. The average yields are 4.5% on AAA bonds, 5% on A bonds, and 9% on B bonds. You invest twice as much in B bonds as in A bonds. Letx,y, andz represent the amounts invested in AAA, A, and B bonds, respectively.









































x +y +z =(total investment)
0.045x +0.05y +0.09z =(annual return)
2y −z =0



Use the inverse of the coefficient matrix of this system to find the amount invested in each type of bond for the given total investment and annual return. (Round your answers to the nearest cent.)
















Total InvestmentAnnual Return
$12,800$885

















amount invested in AAA-bonds$??
amount invested in A-bonds$ ??
amount invested in B-bonds$ ???


Jun 04, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here