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OpenStudy (anonymous):
betsy, a recent retiree requires $6,000 per year in extra income. she has $50,000 to invest and can invest in b rated bonds paying 15% per year or in a certificate of deposit (CD) paying 7% per year. how much money should be invested in each to realize exactly $6,000 in interest per year? [please explain and show steps so i can study it ^_^]
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