You have $70,000 to invest. Part of the money is to be
Chapter 4, Problem 4.1.323(choose chapter or problem)
You have $70,000 to invest. Part of the money is to be placed in a certificate of deposit paying 8 per year. The rest is to be placed in corporate bonds paying 12 per year. If you wish to obtain an overall return of 9% per year, how much should you place in each investment?
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