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Mathematics, 03.07.2021 02:20, naomicervero
Ahmed has R 126 000.00 to invest in three types of bonds: short-term, intermediate-term, and long-term. Short-term bond pays 4% annually, intermediate-term bond pays 5%, and long-term bond pays 6%. Ahmed wants to realize a total annual income of 5.00%, he also wants to invest equal amounts invested in short-term and intermediate-term bonds. How much should he invest in each type to satisfy the given condition? Use matrix reduction (Gauss).β
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Ahmed has R 126 000.00 to invest in three types of bonds: short-term, intermediate-term, and long-te...
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