Solve the Problem $\$ 45,000$ In Corporate and Municipal Bonds $\$ 9000$

question 207

Multiple Choice

Solve the problem.
-Zach is planning to invest up to $\$ 45,000$ in corporate and municipal bonds. The least he will invest in corporate bonds is $\$ 9000$ and he does not want to invest more than $\$ 30,000$ in corporate bonds. He also does not want to invest more than $\$ 31,447$ in municipal bonds. The interest is $8.4 \%$ on corporate bonds and $6.5 \%$ on municipal bonds. This is simple interest for one year. What is the maximum income?

• A) \(\$ 18,495\)
• B) \(\$ 33,495\)
• C) \(\$ 3495\)
• D) \(\$ 16,545\)

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Alternative Medical Systems

Health care practices and products not traditionally recognized by mainstream medicine, such as acupuncture and homeopathy.

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