total portfolio of $20,000
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You have a total portfolio of $20,000 to either invest in stocks, invest in bonds, or save in a money market. You want to have at least two times more money in stocks than in bonds. You estimate that stocks will provide 2 times more money this year than money markets. Lastly, you want to have $4,000 less in money market than in bonds. How much money will be invested in stocks, bonds and money market?
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Solution Summary
This solution reviews how much to invest in each of the given markets by setting up some constraints.
Solution Preview
We will start by setting up some of the constraints that we already know:
Let x be the amount of money in stocks.
Let y be the amount of money in bonds.
Let z be the amount on money in a money market.
We want to have at least two times more in stocks than in bonds so:
(1) x ≥ 2y
The second statement is an estimate of how much you will make, not how ...
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