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Ebony bought a 5-yr Treasury note that paid the equiv- alent of 2.8% simple interest. She invested $5,000 more in a 10-yr bond earning
Ebony bought a 5-yr Treasury note that paid the equiv- alent of 2.8% simple interest. She invested $5,000 more in a 10-yr bond earning 3.6% than she did in the Trea- sury note. If the total amount of interest from these in- vestments was $5, 300, determine the amount of prin- cipal for each investment.
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