Mathematics, 15.10.2020 04:01 barstr9146

Betsy, 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 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 $5,000 in interest per year?
The amount of money invested at 13% =
The amount of money invested at 3% =

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Betsy, a recent retiree, requires $5,000 per year in extra income. She has $50,000 to invest and can...