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OLga [1]
3 years ago
14

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 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?
Mathematics
1 answer:
boyakko [2]3 years ago
5 0

________________________________

<h3>A = P × i × n</h3><h3>= $50,000 × 3% × 4 Years</h3><h3>= <u>$6,000</u></h3><h3>$50,000 Will Be Invested In B-Rated Bonds</h3>

________________________________

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