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OpenStudy (anonymous):
Suppose you have $5000 to invest. A certificate of deposit (CD) earns 6% annual interest, while bonds, which are more risky, earn 8% annual interest. You decide to invest $2000 in a CD and the rest in bonds. How much interest will you have earned at the end of one year? a. $386.40 b. $360 c. $401.38 d. $500.49
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