Certificate of Deposit

Archive for March, 2010

Question: Jacob purchases municipal bonds which yield 7% yearly and certificates of deposit which yield 8% yearly.?

If his initial investment was $15,000 and the yearly income is $1,090, how much money is invested in bonds and how much is invested in certificates of deposit?

Answer: X = muni bonds
Y = c.d.’s

X + Y = 15,000
.07x + .08y = 1090

x = 15,000 – y
.07(15,000 – y) + .08y =1090
.01y = 1090 – 1050
y = 4,000
x = 11,000

Bank CD at 18% APY. High Yield Certificate Of Deposit in Europe. Video uploaded by Oldinvestor

Question: I am doing a project where my grandma gave me 10,000 dollars and I have to have 5 scenarios that is smart?

What I mean by smart is a savings account, Certificate Of Deposit, stock report for major stocks to buy, mutual fund

Answer: okay.. so this sounds like a homework question… but you have looked into some things

add put money down a small house

and invest in higher education so that education can then create at least a 10 fold profit on that investment over the course of 5 years

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