SOLUTION: Last year, Sam invested his money in two purchases. He purchased a certificate of deposit for $2000 that paid 2% interest per year and purchased in corporate bonds paying 6% inter
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Question 1203752: Last year, Sam invested his money in two purchases. He purchased a certificate of deposit for $2000 that paid 2% interest per year and purchased in corporate bonds paying 6% interest per year. Found 2 solutions by ikleyn, josgarithmetic:Answer by ikleyn(52855) (Show Source):
You can put this solution on YOUR website! .
Last year, Sam invested his money in two purchases. He purchased a certificate of deposit for $2000
that paid 2% interest per year and purchased in corporate bonds paying 6% interest per year.
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You can put this solution on YOUR website! The description is incomplete. $2000 went to a c.d. at 2% annual rate, but no given quantity for how much for the corporate bond 6% rate.
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