baileyseb10 baileyseb10

06-06-2023
Mathematics

contestada

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) lying 7% per year. How much money should be invested in each to realize exactly $6,000 in interest per year

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