4. An investor has P 70,000 and places part of it in bonds paying 12% interest per year and the rest in a certificate of deposit (C.D) paying 8% interest per year. She wishes to receive an overall return interest of 9% per year. How much should she place in each investment.
4. An investor has P 70,000 and places part of it in bonds paying 12% interest per year and the rest in a certificate of deposit (C.D) paying 8% interest per year. She wishes to receive an overall return interest of 9% per year. How much should she place in each investment.
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 1QTD
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![4. An investor has P 70,000 and places part of it in bonds paying 12% interest per year and the rest in a
certificate of deposit (C.D) paying 8% interest per year. She wishes to receive an overall return interest
of 9% per year. How much should she place in each investment.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2054573b-afd7-43b3-bed5-d29827b76934%2F378ff95a-c97b-4f4b-ac49-d47c5919286a%2Fr8m0hy_processed.jpeg&w=3840&q=75)
Transcribed Image Text:4. An investor has P 70,000 and places part of it in bonds paying 12% interest per year and the rest in a
certificate of deposit (C.D) paying 8% interest per year. She wishes to receive an overall return interest
of 9% per year. How much should she place in each investment.
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