Amount Invested in Two Accounts - Example 2

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  • Опубліковано 9 лют 2025
  • A recent retiree requires $5,000 per year in extra income. She has $60,000 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?
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