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Ed Moura has $ 6 5 0 0 0 invested in stocks paying 9 % . How much additional money should he invest in certificates

Ed Moura has

65000

invested in stocks paying

9 % .

How much additional money should he invest in certificates of deposit paying

3 %

so that the average return on the two investments is

4 % ?

Question content area bottom

Part

1

He should invest

enter your response here in certificates of deposit.

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