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Rafael Sanding's parents are in their retirement years . They just received 5501 060 after taxes from the sale of their vacation home and decided

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Rafael Sanding's parents are in their retirement years . They just received 5501 060 after taxes from the sale of their vacation home and decided to invest the money in a bond mutual fund . They chose a no - bad mutual fund that yields 676 . a ) How much will they receive each year ? D ) How much would they need to invest if they needed to earn $36 090 per year Amount received Amount to be invested

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