How much should Betsey Investing in CDs

Apr 25th, 2015
Price: $5 USD

Question description

Betsey, a recent retiree requires $5,000 per year in extra income.  She has $50,000 to invest and can invest in B rated bonds paying 15% per year in a CD paying 5% per year.  How much money should be invested in each to realize exactly $5,000 interest per year?  The amount of money invested at 15% = $___________?  The amount of money invested at 5% = $___________?

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(Top Tutor) Daniel C.
School: Purdue University

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Apr 25th, 2015
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