A Total of $23,000 Is Invested in Two Corporate Bonds

question 3

Multiple Choice

A total of $23,000 is invested in two corporate bonds that pay 3.5% and 5% simple interest.The investor wants an annual interest income of $880 from the investments.What amount should be invested in the 3.5% bond? ​

• A)$22,800
• B)$18,000
• C)$23,000
• D)$18,300
• E)$18,100

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Definitions:

Progressive Muscle Relaxation

A relaxation technique involving tension and relaxation of various muscle groups to reduce stress and anxiety.

Efficacy

The ability to produce a desired or intended result, often used in the context of therapeutic treatments' effectiveness.

Baseline Measures

Initial data collected before interventions begin to track progress or changes in behavior, abilities, or attitudes over time.

Target Behaviors

Specific behaviors identified for change or modification in a therapeutic or behavioral intervention.