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You Have $15000 to Invest

question 180

Short Answer

You have $15000 to invest. Part of the money will be invested in a CD earning 2.5% simple interest and the rest in a bond fund earning 4% interest. In one year you will earn $536.25 in interest.
How much did you invest in each account?

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Definitions:

Prospective Guests

Individuals who are considered potential attendees or customers for an event or establishment.

Reservations

The act of holding something, such as a table, seat, or room, in advance; or doubts and concerns regarding a particular issue.

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A variable that can take infinite values within a given range, representing quantities that can be measured on a continuous scale.

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A student elected or appointed to participate in the governance of the student body, often involved in policy-making and activities planning.

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