Solve the problem.Don James wants to invest $51,000 to earn $4740 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 $4740 in interest per year?
A. $23,000 in B-rated bonds and $28,000 in a CD
B. $24,000 in B-rated bonds and $27,000 in a CD
C. $28,000 in B-rated bonds and $23,000 in a CD
D. $27,000 in B-rated bonds and $24,000 in a CD
Answer: D
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=
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?
?
A.
B. ?
C. ?
D. ?
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