Thursday
October 2, 2014

Homework Help: Math

Posted by Lisa on Wednesday, October 6, 2010 at 4:57pm.

Betsy, a recent retiree, requires $6,000 per year in extra income. She has $60,000 to invest and can invest in B-rated bonds paying 13% per year or in a certificate of deposit (CD) paying 3% per year. How much money should be invested in each to realize exactly $6,000 in interest per year?

The amount of money invested at 13%?

The amount of money invested at 3%?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

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 - Betsy, a recent retiree, requires $6000 per year in extra income. She has...
COLLEGE ALEGBRA - Sue, 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 ...
Math - A retired couple needs $12,000 per year in income to supplement their ...
pre calc - Carson wants to invest $100,000 in two ways. He wants to purchase a ...
math - A prfessor wants to supplement her pension with investment interst. If ...
math - linear programming - A woman wishes to invest $12,000 in three of bonds: ...

Search
Members