Mathematics, 27.08.2020 05:01 latiamason16
Fernando invested money in a 4-yr CD (certificate of deposit) that returned the equivalent of 5.2% simple interest. He invested
$3000 less in a 18-month CD that had a 3% simple interest return. If the total amount of interest from these investments was
$1130.00, determine how much was invested in each CD.
Fernando invested S
in the 4-yr CD and $
in the 18-month CD.
Answers: 3
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