Question 1132747: Betsy, a recent retiree, requires $5,000 per year in extra income. She has $60,000 to invest and can invest in B-rated bonds paying 13% per year or in a certificate of deposit (CD) paying 5% per year. How much money should be invested in each to realize exactly $5,000 in interest per year? What is the amount at 13% and 3%?
Found 2 solutions by solver91311, ikleyn:
Answer by solver91311(24713)   (Show Source):
Answer by ikleyn(53763)  (Show Source):
You can put this solution on YOUR website! .
Betsy, a recent retiree, requires $5,000 per year in extra income. She has $60,000 to invest and can invest
in B-rated bonds paying 13% per year or in a certificate of deposit (CD) paying 5% per year. How much money
should be invested in each to realize exactly $5,000 in interest per year? What is the amount at 13% and 3%?
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In your post, 5% stay and play the same role as 3%. ( which is WRONG ! )
So, the question is not relevant to the given part, as wells the given part is not relevant to the question.
Naturally, I can not solve the problem with wrong input data.
Can you fix your post to make it correct ?
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