The amount in the bank account is the amount in the bonds


The controller (money manager) for a small company puts some money in a bank account paying 5% per year. He uses some additional money accounting to 1/3 the amount placed in the bank, to buy bonds paying 6% per year. With the balance of the funds, he buys a 8% certificate to deposit. The first year the investment bring a return of $723. If the total of the investments is $10,000 how much is invested at each rate? The amount in the bank account is_____ the amount in the bonds is _____ and the amount in the certificate of deposit is ____

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Finance Basics: The amount in the bank account is the amount in the bonds
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