Solve the Problem. -Don James Wants to Invest $65,000 to Earn $6,600 Per

Multiple Choice

Solve the problem.
-Don James wants to invest $65,000 to earn $6,600 per year. He can invest in B-rated bonds paying 15% peryear or in a Certificate of Deposit (CD) paying 6% per year. How much money should be invested in eachto realize exactly $6,600 in interest per year?

A) $30,000 in B-rated bonds and $35,000 in a CD
B) $35,000 in B-rated bonds and $30,000 in a CD
C) $31,000 in B-rated bonds and $34,000 in a CD
D) $34,000 in B-rated bonds and $31,000 in a CD