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A Total of $32,000 Is Invested in Two Municipal Bonds

Question 27

Multiple Choice

A total of $32,000 is invested in two municipal bonds that pay 5.75% and 6.25% simple interest.The investor wants an annual interest income of $1,900 from the investments.What amount should be invested in the 5.75% bond? ​


A) $31,800
B) $20,000
C) $32,000
D) $20,300
E) $20,100

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