Solve the problem.Zach is planning to invest up to $50,000 in corporate and municipal bonds. The least he will invest in corporate bonds is $9000 and he does not want to invest more than $27,000 in corporate bonds. He also does not want to invest more than $34,307 in municipal bonds. The interest is 8.2% on corporate bonds and 6.2% on municipal bonds. This is simple interest for one year. What is the maximum income?
A. $3640
B. $4788
C. $30,640
D. $26,640
Answer: A
You might also like to view...
Write the first four elements of the sequence.
A. -1, 1, ,
B. 0, ,
,
C. ,
,
,
D. 1, ,
,
Write the improper fraction as a mixed number or a whole number.
A. 13
B.
C. 14
D. 15
Complete two iterations of Newton´s Method for the function using the initial guess 2.9.
? ?
A. ?3.001834, 2.9998 B. ?3.001864, 3.0002 C. ?3.001864, 3.0001 D. ?3.001724, 3 E. ?3.001514, 2.9999
The following table shows the earnings for the Juarez family last year. Use this information to answer the question.MonthEarningsMonthEarningsJan.$1400July$1300Feb.$1150Aug.$2450Mar.$2950Sept.$2500Apr.$2300Oct.$2000May$1650Nov.$2350June$2700Dec.$2400What was the family's total income from January thru June?
A. $11,000 B. $9,200 C. $12,150 D. $13,000