Betsy, a recent retiree, requires $2100 per year in extra income. She has $50,000 to invest and

Question:

Betsy, a recent retiree, requires $2100 per year in extra income. She has $50,000 to invest and can invest in B-rated bonds paying 6% per year or in a certificate of deposit (CD) paying 1.2% per year. How much money should Betsy invest in each to realize exactly $2100 in interest per year.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Answer rating: 85% (7 reviews)

Lets assume Betsy invests x dollars in Brated bonds and 50000 x dollars in the c...View the full answer

Answered By

Collins Njuguna

I graduated from Maseno University with a Bachelor of Science in Applied Statistics. After graduation, I started tutoring students in mathematics. My experience in mathematics education is extensive and varied. I have taught a wide range of topics, including algebra, geometry, trigonometry, calculus, statistics, probability, and computer science. I have also worked with students of all ages and backgrounds, from elementary school to college. My teaching method is based on the idea of hands-on learning. I believe that students learn best when they are actively engaged in the learning process, so I focus on giving students the tools they need to explore the material on their own. I also emphasize the importance of practice and review, as these are essential for mastering math concepts. I have also developed several online and in-person courses on mathematics. My courses are designed to help students learn mathematics in an efficient and comprehensive way, and I use a variety of activities and exercises to ensure that my students are engaged and motivated. Overall, my passion for mathematics and teaching has allowed me to be a successful tutor and educator in the field. I am confident that my experience will help your students master the mathematics they need to succeed.

0.00 0 Reviews 10+ Question Solved

Related Book For answer-question