Solve the Problem. -Don James Wants to Invest $69,000 to Earn $4210 Per

question 26

Multiple Choice

Solve the problem.
-Don James wants to invest $69,000 to earn $4210 per year. He can invest in B-rated bonds paying 9% per year or in a Certificate of Deposit (CD) paying 4% per year. How much money should be invested in each to realize
Exactly $4210 in interest per year?

• A) $40,000 in B-rated bonds and $29,000 in a CD
• B) $29,000 in B-rated bonds and $40,000 in a CD
• C) $30,000 in B-rated bonds and $39,000 in a CD
• D) $39,000 in B-rated bonds and $30,000 in a CD

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Definitions:

Politics

The activities, actions, and policies used to gain and hold power in government or to influence government decision-making.

Upper Hand

An advantage over others in a competitive situation or negotiation.

Retaliation Measure

Actions taken in response to an offense or wrongdoing, often seeking to punish or deter further incidents.

Fear-based Message

A type of persuasive messaging that utilizes fear or the anticipation of negative outcomes to influence behavior or attitudes.