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2. Candy has $70,000 to invest and requires an overall rate of return of 9%. She can invest in a safe, government-insured certificate of deposit, but it only pays 8%. To obtain 9%, she agrees to invest some of her money in noninsured corporate bonds paying 12%. How much should be placed in each investment to achieve her goal?

2. Candy has $70,000 to invest and requires an overall rate of return of 9%. She can invest in a safe, government-insured certificate of deposit, but it only pays 8%. To obtain 9%, she agrees to invest some of her money in noninsured corporate bonds paying 12%. How much should be placed in each investment to achieve her goal?

Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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I need the correct answer for both of them please.
E 1. Describe the transformation of f(x) = x² to f(x) = 3(x+1)² - 4. 2. Candy has $70,000 to invest and requires an overall rate of return of 9%. She can invest in a safe, government-insured certificate of deposit, but it only pays 8%. To obtain 9%, she agrees to invest some of her money in noninsured corporate bonds paying 12%. How much should be placed in each investment to achieve her goal? Reply $ R SEP 13 % Q Search or enter website name 5 T 6 tv MacBook Pro Y & 7 U * 00 8 4+ 1 ( 9 A O 0 P W
Transcribed Image Text:E 1. Describe the transformation of f(x) = x² to f(x) = 3(x+1)² - 4. 2. Candy has $70,000 to invest and requires an overall rate of return of 9%. She can invest in a safe, government-insured certificate of deposit, but it only pays 8%. To obtain 9%, she agrees to invest some of her money in noninsured corporate bonds paying 12%. How much should be placed in each investment to achieve her goal? Reply $ R SEP 13 % Q Search or enter website name 5 T 6 tv MacBook Pro Y & 7 U * 00 8 4+ 1 ( 9 A O 0 P W
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