Betsy, a recent retiree, requires $2100 per year in extra income. She has $50,000 to invest and
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Betsy, a recent retiree, requires $2100 per year in extra income. She has $50,000 to invest and can invest in B-rated bonds paying 6% per year or in a certificate of deposit (CD) paying 1.2% per year. How much money should Betsy invest in each to realize exactly $2100 in interest per year.
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Lets assume Betsy invests x dollars in Brated bonds and 50000 x dollars in the c...View the full answer
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Collins Njuguna
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