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Mark has $ 1 0 0 , 0 0 0 to invest. His financial consultant advises him to diversify his investment in three types of
Mark has $ to invest. His financial consultant advises him to diversify his investment in three types of bonds: shortterm, intermediateterm, and longterm. The shortterm bonds pay the intermediateterm bonds pay and the longterm bonds pay simple interest per year. Mark wishes to realize a total annual income of with equal amounts invested in short and intermediateterm bonds. How much should he invest in each type of bond?
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