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Mathematics, 23.02.2021 02:00, isarahweller103
A mother earned β$6250.00 from royalties on her cookbook. She set asideβ 20% of this for a down payment on a new home. The balance will be used for herβ son's future education. She invests a portion of the money in a bank certificate of depositβ (CD account) that earnsβ 4% and the remainder in a savings bond that earnsβ 7%. If the total interest earned after one year is β$300.00β, how much money was invested at eachβ rate?
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A mother earned β$6250.00 from royalties on her cookbook. She set asideβ 20% of this for a down paym...
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