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A mother wants to invest $15,000.00 for her son's future education. She invests a portion of the money in a bank certificate of deposit (CD
A mother wants to invest $15,000.00 for her son's future education. She invests a portion of the money in a bank certificate of deposit (CD account) which earns 4% and the remainder in a savings bond that earns 7%. If the total interest earned after one year is 5900 00, how much money was invested in the CD account? The total interest eamed after one year is 5900.00 How much money was invested in the CD account? (Round to the nearest cent if necessary)
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