document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=450538>Question 450538</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A $50,000 retirement income is to be invested into two accounts: a money market fund that pays 8.5% and a certificate of deposit that pays 10.5%. How much should be invested at each rate in order to provide a yearly interest income of $4550? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #309891 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=309891\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Money market	8.50%	per annum-------------	x		<BR>\n" );
document.write( "CD	10.50%	per annum------------	y<BR>\n" );
document.write( "	total investment	50000						<BR>\n" );
document.write( "	Interest-----	$4,550.00						<BR>\n" );
document.write( "								<BR>\n" );
document.write( "8.50%	x	+	10.50%	*	3	x	=	$4,550.00<BR>\n" );
document.write( "0.09	x	+	0.11	*	3	x	=	$4,550.00<BR>\n" );
document.write( "0.09	x	+	0.32	x	=	$4,550.00		<BR>\n" );
document.write( "0.4	x	=	$4,550.00					<BR>\n" );
document.write( "/	0.4							<BR>\n" );
document.write( "x=	$11,375.00	---	Money market					<BR>\n" );
document.write( "Balance in CD  </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );