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Don James wants to invest $55,000 to earn $6260 per year. he can invest in B-rates bonds paying 14% per year or in a certificate of Deposit (CD) paying 8% per year. How much money should be invested in each to realize exactly $6260 in interest per year?

User Pete Scott
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don james payed for (CD) paying $6,337
User Sarbbottam
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