Betsy a recent retiree require $6000 per year in extra income she has a $50,000 to invest and can invest in B rated bonds paying

Question

4 years ago

12

Betsy a recent retiree require $6000 per year in extra income she has a $50,000 to invest and can invest in B rated bonds paying

17% per year or in a certificate of deposit paying 7% per year how much money should be invested in each to realize exactly $6000 in interest per year

Mathematics

1 answer:

wel · Answer 1 · 2022-03-06T14:16:32+03:00

wel4 years ago

5 0

She should invest 50% of the income in the B rated bonds and the other 50% in the certificate of deposit to realize $6,000 of interest income per year.