Mathematics, 11.10.2021 14:00 elizabethhubbe

Betsy, a recent retiree, requires $6,000 per year in extra income. She has $60,000 to invest and can invest in B-rated bonds paying 15% 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 15% =
The amount of money invested at 7% =

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Betsy, a recent retiree, requires $6,000 per year in extra income. She has $60,000 to invest and can...

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