A total of $46,000 is invested in two corporate bonds that pay 6.75% and 7.25% simple
Chapter 8, Problem 40(choose chapter or problem)
Economics A total of $46,000 is invested in two corporate bonds that pay 6.75% and 7.25% simple interest. The investor wants an annual interest income of $3245 from the investments. What is the most that can be invested in the 6.75% bond?
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