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29 March, 12:46

Suppose you have $5000 to invest. A certificate of deposit (CD) earns 6% annual interest, while bonds, which are more risky, earn 8% annual interest. You decide to invest $2000 in a CD and the rest in bonds. How much interest will you have earned at the end of one year?

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  1. 29 March, 14:01
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    Interest earned

    0.06*2,000+3,000*0.08=360
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