(Answered) A mother wants to invest 800000 for her sons future

Management Studies

A mother wants to invest ?$8000.00 for her? son's future education. She invests a portion of the money in a bank certificate of deposit? (CD account) which earns? 4% and the remainder in a savings bond that earns? 7%. If the total interest earned after one year is $480.00, how much money was invested in the CD? account?

The total interest earned after one year is ?$480.00

How much money was invested in the CD? account?

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M92418014
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Management

Suppose the federal reserve sets the reserve requirement at

Suppose the Federal Reserve sets the reserve requirement at 15 percent, banks hold no excess reserves, and no additional currency is held. a. What is the money multiplier? b. By how much will the total money supply chang ...

In class today we spoke about leadership and ways a leader

In class today we spoke about leadership and ways a leader could utilize the below list of concepts could you help me understand as a leader how I could uitlize them and an example of what they are In the role of leaders ...

The initial problem was how alissa would manage locations

The initial problem was how Alissa would manage locations almost an hour apart while maintaining the level of quality and service customers expected. Does this problem require a routine or non-routine decision? Explain y ...

Reply to the following statementthere are many aspects to

Reply to the following statement; "There are many aspects to fulfilment within a job and the dedication of efforts to the organization. Job satisfaction, commitment and involvement are all parts of the overall fulfilment ...

What could an organisation do to encourage workers to

What could an organisation do to encourage workers to participate in an implementation process?

What is the difference between a heroic leader and a

What is the difference between a heroic leader and a transformational leader and which of the two is best suited to work in today's business world?

When we look at the ease to enter the different market

When we look at the ease to enter the different market structure, there is no doubt that 'monopoly' is the hardest. Why? -- There is only ONE firm that has established 'economies of scale' with the production of their go ...

Question using the 5-forces broken down on a separate

Question: " Using the 5-Forces broken down on a separate sheet, summarize how your company competes and creates profit within your industry. Remember to identify your industry." Case Industry: "Johnson & Johnson"

Ethics amp governance individual capstone projectcapstone

Ethics & Governance: Individual Capstone Project Capstone: The what, why and how This capstone introduces you to researching and interpreting the voluntary disclosures of a publicly listed company to determine its govern ...

What are the similarities of organizational and

What are the similarities of organizational and environmental pressures?

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert