lindow29 lindow29

01-05-2017
Mathematics

contestada

Suppose you have $5000 to invest. A certificate of deposit (CD) earns 6% annual interest, while bonds, which are more risky, earn 8% annual interest. You decide to invest $2000 in a CD and the rest in bonds. How much interest will you have earned at the end of one year?

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mpopella1 mpopella1

01-05-2017

$460 is what you would earn in intrest

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Aliwohaish12 Aliwohaish12

01-05-2017

Interest earned
0.06×2,000+3,000×0.08=360

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