Solved

You Have $5000 to Invest

Question 172

Short Answer

You have $5000 to invest. Part of the money will be invested in a CD earning 2% simple interest and the rest in a bond fund earning 3% interest. In one year you will earn $122.50 in interest.
How much did you invest in each account?

Correct Answer:

verifed

Verified

$2750 in t...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions