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A mother wants to invest $9,000.00 for her son's future education. She invests a portion of the money in a bank certificate of deposit (CD

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A mother wants to invest $9,000.00 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 interesteamed after one year is $540,00, how much money was invested in the CD account? The total interest earned after one year is $540.00 How much money was invested in the CD account? (Round to the nearest cent, if necessary.) 1.U.02 UL Ed Moura has $60000 invested in stocks paying 8%. How much additional money should he invest in certificates of deposit paying 5% so that the average return on the two investments is 6%? He should invest in certificates of deposit. (Simplify your answer. Type an integer or a decimal)

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