Solve the problem.Don James wants to invest $69,000 to earn $6140 per year. He can invest in
bonds paying
per year or in a Certificate of Deposit (CD) paying
per year. How much money should be invested in each to realize exactly $6140 in interest per year?
A. $44,000 in B-rated bonds and $25,000 in a CD
B. $26,000 in B-rated bonds and $43,000 in a CD
C. $43,000 in B-rated bonds and $26,000 in a CD
D. $25,000 in B-rated bonds and $44,000 in a CD
Answer: D
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