Question
Fernando invested money in a 3 -yr CD (certificate of deposit ) that returned the equivalent of 3.4% simple interest. He invested $3000 less in
Fernando invested money in a 3 -yr CD (certificate of deposit ) that returned the equivalent of 3.4% simple interest. He invested $3000 less in a 30 -month CD that had a 2% simple interest return. If the total amount of interest from these investments was $458.00, determine how much was invested ?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
