The director of a trust fund has $300,000 to invest. The rules of the trust state that both a certificate of deposit (CD) and a long-term bond must be used. The Director's goal is to have the trust yield $34000 on its investments for the year. The CD chosen returns 6% per annum, and the bond 7 %. 

Find the amount, which is invested, in the CD and in the long-term bond?

Answer rating: 100% (QA)

Let the comment in series is X and investment in long ... View the full answer