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OpenStudy (anonymous):
Betsy, a recent retiree, requires $5000 per year in extra income. She has $50,000 to invest and can invest in B-rated bonds paying 13% per year or in a certificate of deposit (CD) paying 5% per year. How much money should be invested in each to realize exactly $5000 interest per year?
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OpenStudy (anonymous):
50000
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