Mathematics

18 September, 14:00

Cara wants to invest $16,000 in certificates of deposit (CDs). For tax purposes, she wants her total interest per year to be $900. She wants to put $1000 more in a 2-year CD than in a 1-year CD and invest the rest in a 3-year CD. How much money should she invest in each type of CD?

+3

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “Cara wants to invest $16,000 in certificates of deposit (CDs). For tax purposes, she wants her total interest per year to be $900. She ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

What ordered pair is a solution of the equation y-3=5 (x-2)

How tall is now that is 10 meters in length and 5 meters in width

Find the sum of 4x ^ 2 - 7 and 6x ^ 2 - 5.

What is the approximate volume of a sphere with a radius of 12 ft? Use 3.14 to approximate pi and express your answer in hundredths. ft3

The number of text messages that Reza sent each day so far in this billing cycle is shown on the dot plot. Which statement must be true according to the dot plot?

New Questions in Mathematics

A hose can fill a swimming pool in 12 hours. Another hose needs 6 more hours to fill the pool than the two hoses combined. How long would it take the second hose to fill the pool?

Simplify this. 5^5 / 5^8

If a square has a perimeter of 40 yards, what is the length of one side of the square?

At Ron's Roller Rink, the number of costumers has been decreasing at a steady rate of 5% per year. If there were 900 skaters per week in 200, what is a good estimate for the number of skaters per week in 2006?

Circle O has a circumference of approximately 250n ft. What is the appro 40 ft 80 ft 125 ft 250 ft