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Frederick is in college pursuing a degree in culinary arts while working part-time as a cook at The Keg. He was overjoyed when he inherited

Frederick is in college pursuing a degree in culinary arts while working part-time as a cook at The Keg. He was overjoyed when he inherited a huge lump-sum after his grandmother passed away. He wants to invest most of it safely to start a restaurant after graduation. Meanwhile, hes hoping to earn an annual income of $8,500 on this inheritance until he graduates. If the current interest rate is 5% annually on HydroOne bonds, tell him how much of his inheritance he should invest

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