119k views
3 votes
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
by
8.5k points

1 Answer

4 votes
don james payed for (CD) paying $6,337
User Sarbbottam
by
8.5k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories