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

Question

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] · Answer 1 · 2022-06-28T22:07:33+03:00

boyakko [2]3 years ago

5 0

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<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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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

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