Consider a person who invests in AAA-rated bonds,A-rated bonds,and B-rated bonds.The average yields are 6.5% on AAA bonds,7% on A bonds,and 9% on B bonds.The person invests twice as much in B bonds as in A bonds.Let x,y and z represent the amounts invested in AAA,A,and B bonds,respectively. Use the inverse of the coefficient matrix of this system to find the amount invested in each type of bond.
A) $142,000 in AAA-rated bonds $451,000 in A-rated bonds
$71,000 in B-rated bonds
B) $450,000 in AAA-rated bonds $71,000 in A-rated bonds
$142,000 in B-rated bonds
C) $143,000 in AAA-rated bonds $71,000 in A-rated bonds
$450,000 in B-rated bonds
D) $72,000 in AAA-rated bonds $450,000 in A-rated bonds
$142,000 in B-rated bonds
E) $450,000 in AAA-rated bonds $142,000 in A-rated bonds
$70,000 in B-rated bonds
Correct Answer:
Verified
Q30: A coffee manufacturer sells a 14-pound
Q31: Find the inverse of the matrix
Q32: Consider a person who invests in
Q33: A small home business creates muffins,bones,and cookies
Q34: Solve the system of linear equations
Q36: Use the matrix capabilities of a
Q37: A small home business creates muffins,bones,and cookies
Q38: Find the inverse of the matrix
Q39: Find the inverse of the following
Q40: A small home business creates muffins,bones,and cookies
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents