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October 21, 2014

Homework Help: math

Posted by MARIAH on Wednesday, March 9, 2011 at 8:51pm.

A mother wants to invest $9,000.00 for her sonís future education. She invents a portion of the money in a bank certificate of deposit (Cd account) which earns 4% and the remainder in a saving bond that earns 7%. If the total interest earned after one year is $540.00, how much money was invested in the CD account?

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