Answered

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Last year, Salma invested her money in two purchases. She purchased a certificate of deposit for $3000 that paid 5% interest per year and purchased $7000 in corporate bonds paying 4% interest per year. Answer the questions below. Do not do any rounding.

Sagot :

Answer:

a. $2850

b. $6720

Step-by-step explanation:

a.

3000(1-0.05) = $2850

b.

7000(1-0.04) = $6720

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