Cabin financial services group recommends that a client purchase 10,000 a corporate bond that ears 6 percent interest how much additional money must be placed in an investment that earns a simple interest of 4.5 percent so that the total amount earned from the two investments is 5 percent of the total investment??

Answer rating: 100% (QA)

Lets denote the additional money that must be placed in an investment that earns 45 as x The tota... View the full answer