Maricopa's Success scholarship fund receives a gift of $ 140000. The money is invested in stocks,
bonds, and CDs. CDs pay 4.75 % interest, bonds pay 5.9 % interest, and stocks pay 8.3 % interest.
Maricopa Success invests $ 40000 more in bonds than in CDs. The annual income from the
investments is $8280.
Put the info into a system and solve the system using matrices to find how much was invested in
each account. Remember, you are allowed to use a TI graphing calculator (or if you don't have one
of those yet, you may use the site https://rrefcalculator.com/).
Maricopa Success invested $
Maricopa Success invested $
Maricopa Success invested $
in stocks.
in bonds.
in CDs.
