A company receives a gift of $ 155,000. The money is invested in stocks, bonds, and CDs.

CDs pay 4.5 % interest, bonds pay 2.8 % interest, and stocks pay 8.4 % interest.

The company invests $ 40,000 more in bonds than in CDs.

If the annual income from the investments is $ 7,930, how much was invested in each account?

Edited on July 12, 2024, 4:41 am

Posted by broll on 2024-07-12 04:39:20