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Author Question: Martin purchased some municipal bonds yielding 8% annually and some certificates ... (Read 255 times)

jCorn1234

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Solve the problem.

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


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Marked as best answer by jCorn1234 on Feb 28, 2021

miss_1456@hotmail.com

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jCorn1234

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Reply 2 on: Feb 28, 2021
Thanks for the timely response, appreciate it


cassie_ragen

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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