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13 April, 15:23

Betsy a recent retiree require $6000 per year in extra income she has a $50,000 to invest and can invest in B rated bonds paying 17% per year or in a certificate of deposit paying 7% per year how much money should be invested in each to realize exactly $6000 in interest per year

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  1. 13 April, 15:59
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    She should invest 50% of the income in the B rated bonds and the other 50% in the certificate of deposit to realize $6,000 of interest income per year.
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