intermeditate algebra

timer Asked: Jun 22nd, 2015

Question Description

Country Day's scholarship fund receives a gift of $ 150000. The money is invested in stocks, bonds, and CDs. CDs pay 2.75 % interest, bonds pay 5.6 % interest, and stocks pay 6.8 % interest. Country day invests $ 35000 more in bonds than in CDs. If the annual income from the investments is $ 7417.5 , how much was invested in each vehicle?

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