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Write the Word or Phrase That Best Completes Each Statement

question 197

Essay

Write the word or phrase that best completes each statement or answers the question.
-Martin purchased some municipal bonds yielding 8% annually and some certificates of deposit yielding11% annually. If Martinʹs investment amounts to $23,000 and the annual income is $2230, how muchmoney is invested in bonds and how much is invested in certificates of deposit?


Definitions:

Loss

The state of being deprived of or of being without something that one has had.

Setback

An unexpected challenge or obstacle that delays progress or reverses some of the advances already made.

Farther

Used to describe a greater physical distance when comparing two or more points.

Testing

The process of evaluating the functionality, performance, or quality of a product, system, or concept through examination and trial.

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