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The controller ( money manager ) for a small company puts some money in a bank account paying 3 % per year. He uses some
The controller money manager for a small company puts some money in a bank account paying per year. He uses some additional money, amounting to the amount placed in the bank, to buy bonds paying per year. With the balance of the funds, he buys a certificate of deposit. The first year the investments bring a return of $ If the total of the investments is $ how much is invested at each rate?
The amount in the bank account is $ the amount in the bonds is $ and the amount in the certificate of deposit is $
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