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MY NOTES When I was considering what to do with the $10,000 proceeds from my sale of technology stock, my broker suggested that I invest half of it in municipal bonds, whose value was growing by 10% per year, and the other half in CDs, which were yielding 1% per year, compounded every 2 months. Assuming that these interest rates are sustained, how much will my investment be worth (in ASK YOUR TEACHE dollars) in 12 years? (Round your answer to the nearest dollar.) $ Need Help? Read

MY NOTES When I was considering what to do with the $10,000 proceeds from my sale of technology stock, my broker suggested that I invest half of it in municipal bonds, whose value was growing by 10% per year, and the other half in CDs, which were yielding 1% per year, compounded every 2 months. Assuming that these interest rates are sustained, how much will my investment be worth (in ASK YOUR TEACHE dollars) in 12 years? (Round your answer to the nearest dollar.) $ Need Help? Read

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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MY NOTES When I was considering what to do with the $10,000 proceeds from my sale of technology stock, my broker suggested that I invest half of it in municipal bonds, whose value was growing by 10% per year, and the other half in CDs, which were yielding 1% per year, compounded every 2 months. Assuming that these interest rates are sustained, how much will my investment be worth (in ASK YOUR TEACHE dollars) in 12 years? (Round your answer to the nearest dollar.) $ Need Help? Read It Watch It Submit Answer 18. [-/1 Pointal
Transcribed Image Text:MY NOTES When I was considering what to do with the $10,000 proceeds from my sale of technology stock, my broker suggested that I invest half of it in municipal bonds, whose value was growing by 10% per year, and the other half in CDs, which were yielding 1% per year, compounded every 2 months. Assuming that these interest rates are sustained, how much will my investment be worth (in ASK YOUR TEACHE dollars) in 12 years? (Round your answer to the nearest dollar.) $ Need Help? Read It Watch It Submit Answer 18. [-/1 Pointal
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