Mathematics, 19.02.2021 23:40 bvargas786p7aa8y
A retired woman has $80,000 to invest but needs to make $9,000 a year from the interest to meet certain living expenses. One bond investment pays 15% annual interest. The rest of it
she wants to put in a CD that pays 7%.
Set up and solve the equation for how much the woman should invest in each option to sustain exactly a $9,000 annual return.
bond $ ?
CD $?
Answers: 3
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A retired woman has $80,000 to invest but needs to make $9,000 a year from the interest to meet cert...
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