Determine how much was invested in each account


The scholarship fund gets the gift of $ 145000. Money is invested in stocks, bonds, and CDs. CDs pay 5.75 % interest, bonds pay 3.6 % interest, and stocks pay 6.9 % interest. Foundation invests $ 50000 more in bonds than in CDs. If annual income from investments is $ 7687.5 , how much was invested in each account?

A) They invested $ _____ in stocks.
B) They invested $ _____ in bonds.
C) They invested $ _____ in CDs.

Request for Solution File

Ask an Expert for Answer!!
Mathematics: Determine how much was invested in each account
Reference No:- TGS0846488

Expected delivery within 24 Hours