SOLUTION: Candy has $70,000 to invest and
requires an overall rate of return of 9%
per annum. She can invest in a safe,
government–insured certificate of
deposit, but it only pays 5%
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-> SOLUTION: Candy has $70,000 to invest and
requires an overall rate of return of 9%
per annum. She can invest in a safe,
government–insured certificate of
deposit, but it only pays 5%
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Question 736606: Candy has $70,000 to invest and
requires an overall rate of return of 9%
per annum. She can invest in a safe,
government–insured certificate of
deposit, but it only pays 5% per annum.
To obtain 9% she agrees to invest some
of her money in noninsured corporate
bonds paying 12% per annum. How
much should be placed in each
investment to achieve her goal? Answer by lynnlo(4176) (Show Source):
(