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Country Day's scholarship fund receives a gift of $ 135000. The money is invested in stocks, bonds, and CDs. CDs pay 4.25 % interest, bonds
Country Day's scholarship fund receives a gift of $ 135000. The money is invested in stocks, bonds, and CDs. CDs pay 4.25 % interest, bonds pay 5.3 % interest, and stocks pay 11.4 % interest. Country day invests $ 20000 more in bonds than in CDs. If the annual income from the investments is $ 10857.5 , how much was invested in each vehicle?
Country Day invested $ in stocks.
Country Day invested $ in bonds.
Country Day invested $ in CDs.
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