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April 19, 2015

Homework Help: Math

Posted by Jaison on Tuesday, February 22, 2011 at 2:20pm.

You would like to invest in $12,000 in two different bonds. Some of the amount will be invested in treasury bonds at 10% annual interest and the rest in municipal bonds at 15%. What amount should be invested in each type of bond rate if the annual yield expected is $1,440?

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