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Mathematics, 11.07.2019 20:30 inucornspineapple
Aretired woman has $70,000 to invest but needs to make $9,000 a year from the interest to meet certain living expenses. one bond investment pays 15% annual interest. the rest of it she wants to put in a cd that pays 7%. set up and solve the equation for how much the woman should invest in each option to sustain exactly a $9,000 annual return.
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