Mathematics, 25.01.2021 05:50 juvie65
Betsy, a recent retiree, requires $5,000 per year in extra income. She has $50,000 to invest and can invest in B-rated bonds paying 13% per year or in a certificate of
deposit (CD) paying 3% per year. How much money should be invested in each to realize exactly $5,000 in interest per year?
The amount of money invested at 13% = $13,750
The amount of money invested at 3% =
Answers: 3
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Betsy, a recent retiree, requires $5,000 per year in extra income. She has $50,000 to invest and can...
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