Maricopa’s Success scholarship fund receives a gift of $110,000. The money is invested in stocks, bonds, and CDs. CDs pay 4% interest, bonds pay 6% interest, and stocks pay 8.6% interest. Maricopa Success invests $60,000 more in bonds than in CDs. If the annual income from the investments is $6,820, how much was invested in each account?

step-by-step explanation:

step-by-step explanation:

infinity is the answer

answer: none of these answers are correct only the second half is

step-by-step explanation:

(a) {a₁, a₁r, a₁r², … a₁rⁿ⁻¹, …}

(b) $59 398

step-by-step explanation:

(a) the annual sequence of profits

aₙ = a₁rⁿ⁻¹

the model for the sequence of profits is {a₁, a₁r, a₁r², … a₁rⁿ⁻¹, …} .

(b) profit after 15 yr

  a₁ = $ 30 000

  r = 1.05

a₁₅ = 30 000 × 1.05¹⁴

a₁₅ = 30 000 × 1.979 93

a₁₅ = $59 398

the profit in year 15 will be $59 398.