Posted by **Matt** on Wednesday, September 10, 2008 at 11:12pm.

Betsy, a recent retiree, requires $6000 per year in extra income. She has $47,000 to invest and can invest in B-rated bonds paying 15% per year or in a Certificate of Deposit (CD) paying 6% per year. How much money should be invested in each to realize exactly $6000 in interest per year?

## Answer This Question

## Related Questions

- COLLEGE ALEGBRA - Sue, a recent retiree, requires $6,000 per year in extra ...
- Math - Betsy, a recent retiree, requires $6,000 per year in extra income. She ...
- Math(Please help) - Betsy, a recent retiree, requires $6,000 per year in extra ...
- math(Please help) - Betsy, a recent retiree, requires $6,000 per year in extra ...
- Math Word Problem - 2) After 2 years, Betsy finds she now will require $7,000 ...
- intermediate math - maria has recently retired and requires an extra $7200 per ...
- pre calc - Carson wants to invest $100,000 in two ways. He wants to purchase a ...
- math - Cyndee wants to invest $50,000. Her financial planner advises her to ...
- math - Zach is planning to invest up to $50,000 in corporate and municipal bonds...
- algebra 1 - MArta has $6000 to invest. She puts x dollars of this money into a ...

More Related Questions