Kelly has $20,000 to invest. As her financial planner, you recommend that she diversify into three investments:
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Kelly has $20,000 to invest. As her financial planner, you recommend that she diversify into three investments: Treasury bills that yield 5% simple interest, Treasury bonds that yield 7% simple interest, and corporate bonds that yield 10% simple interest. Kelly wishes to earn $1390 per year in income. Also, Kelly wants her investment in Treasury bills to be $3000 more than her investment in corporate bonds. How much money should Kelly place in each investment?
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