Question 1114399
x with CD and 530000-x for the bond fund
interest earned is .015x+0.05(530000-x)=24000
0.015x+26500-0.05x=24000
-0.035x+26500=24000
-0.035x=-2500
x=$71428.57
x=74128.57 for CD @1.5%=$1071.43 ANSWER
530000-x=$458571.43 for bond fund @5%=$22928.57 ANSWER
That sum is $24,000