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Mathematics, 18.12.2019 01:31 smartoa
Mark has $100,000 to invest. his financial consultant advises him to diversify his investment in three types of bonds: short-term, intermediate-term, and long-term. the short-term bonds pay 4%, the intermediate-term bonds pay 5%, and the long-term bonds pay 6% simple interest per year. mark wishes to realize a total annual income of 5.25%, with equal amounts invested in short- and intermediate-term bonds. how much should he invest in each type of bond?
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