Mathematics, 17.09.2021 18:20 queenkimm26
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Betsy, a recent retiree, requires $6,000 per year in extra income. She has 50,000 to invest and can invest in B-rated bonds paying 17% per year or in a certificate of deposit (CD) paying 7% per year. How much money should
be invested in each to realize exactly $6,000 in interest per year?
The amount of money invested at 17% - $
The amount of money invested at 7% - $
Answers: 1
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Betsy, a recent retiree, requires $6,000 per year in extra income. She has 50,000 t...
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