Mathematics, 06.05.2020 07:30 raven3973
Betsy, a recent retiree, requires $6,000 per year in extra income. She has $70,000 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 $6,000 in interest per year?
Answers: 3
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