SOLUTION: When I was considering what to do with the $10,000 proceeds from my sale of technology stock, my broker suggested I invest half of it in municipal bonds, whose value was growing by

Question 1160477: When I was considering what to do with the $10,000 proceeds from my sale of technology stock, my broker suggested I invest half of it in municipal bonds, whose value was growing by 6% per year, and the other half in CDs, which were yielding 3% per year, compounded every 2 months. Assuming that these interest rates are sustained, how much will my investment be worth in 10 years?
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!

Do the arithmetic.

John

My calculator said it, I believe it, that settles it

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