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A retired woman has $ 8 0 , 0 0 0 to invest but needs to make $ 9 , 0 0 0 a year
A retired woman has $ to invest but needs to make $ a year from the interest to meet certain living expenses. One bond investment pays annual interest. The rest of it she wants to put in a CD that pays
Set up and solve the equation for how much the woman should invest in each option to sustain exactly a $ annual return. bond
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