Mathematics, 22.10.2020 16:01, morant55
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Betsy a recent retiree, requires $6,000 per year in extra income. She has $60,000 to invest and can invest in B-rated bonds paying 15% per year or in a certificate of
deposit (CD) paying 5% per year. How much money should be invested in each to realize exactly $6,000 in interest per year?
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The amount of money invested at 15% =
The amount of money invested at 5% =
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Betsy a recent retiree, requires $6,000 per year in extra income. She has $60,000 to inves...
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