Ed is a self-employed heart surgeon who lives in michigan and has incurred the following reasonable expenses. how much can ed deduct? $1,090 in airfare to repair investment rental property in colorado. $640 in meals while attending a medical convention in new york. $370 for tuition for an investment seminar "how to pick stocks." $108 for tickets to a football game with hospital administrators to celebrate successful negotiation of a surgical contract earlier in the day. the correct answer is

Explanation:

Ed Moura invest $64000 in certificates of deposit paying 3%

Step-by-step explanation:

Ed Moura has $32000 invested in stocks paying 6%.  

Additional money in certificates of deposit paying 3% =x  

so that the average return on the two investments is 4%.  

32000*6% +3%*x = 4%(32000+x)

32000*0.06 +0.03*x = 0.04(32000+ x)

1920 + 0.03x = 1280 +0 .04x

1920 - 1280 = 0.04x - 0.03x

0.01x = 640

x = 64000

x = $64000

x= $64000 in certificates of deposit paying 3%

Thank you.

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answer; situational irony;