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Mathematics, 13.07.2021 22:50 ArelysMarie

A retired couple has $ 160,000 to invest to obtain some annual income. Their Social Security checks give them some income, but they would like additional income from their investments. They want some of it invested in relatively safe Certificates of Deposit yielding 7%. The rest they want to invest in AA municipal bonds yielding 10% per year. How much should they invest in each to realize exactly $14,200 per year?

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