Question
A total of $38,000 is invested in two municipal bonds that pay 4.75% and 7.25% simple interest. The investor wants an annual interest income of
A total of $38,000 is invested in two municipal bonds that pay 4.75% and 7.25% simple interest. The investor wants an annual interest income of $2380 from the investments. What amount should be invested in the 4.75% bond?
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A Simplify Way Of Practicalise Auditing Profession
Authors: DR LUKMAN A ABATAN
1st Edition
B09YVKHT6X, 979-8800165050
