Author Question: Martin purchased some municipal bonds yielding 8% annually and some certificates ... (Read 128 times)

jCorn1234 · **on:** Feb 28, 2021

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Martin purchased some municipal bonds yielding 8% annually and some certificates of deposit yielding 11% annually. If Martin's investment amounts to $23,000 and the annual income is $2230, how much money is invested in bonds and how much is invested in certificates of deposit?
◦ $8000 in bonds; $15,000 in certificates of deposit
◦ $13,000 in bonds; $10,000 in certificates of deposit
◦ $10,000 in bonds; $13,000 in certificates of deposit
◦ $15,000 in bonds; $8000 in certificates of deposit

miss_1456@hotmail.com · **Reply #1 on:** Feb 28, 2021

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