Ask Question
17 January, 12:44

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

+3
Answers (1)
  1. 17 January, 13:04
    0
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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 ...” 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