Question 1161816

Cabin Financial Service Group recommends that a client purchase for $10,000 a corporate bond that earns 6% annual simple interest. How much additional money must be placed in an investment that earns a simple interest rate of 4.5% so that the total annual interest earned from the two investments is 5% of the total investment?
<pre>Additional investment: {{{highlight_green("$20,000")}}}