Answered

IDNLearn.com is designed to help you find reliable answers quickly and easily. Join our community to receive prompt and reliable responses to your questions from knowledgeable professionals.

Last year, Salma invested her money in two purchases. She purchased a certificate of deposit for $3000 that paid 5% interest per year and purchased $7000 in corporate bonds paying 4% interest per year. Answer the questions below. Do not do any rounding.

Sagot :

Answer:

a. $2850

b. $6720

Step-by-step explanation:

a.

3000(1-0.05) = $2850

b.

7000(1-0.04) = $6720

Your presence in our community is highly appreciated. Keep sharing your insights and solutions. Together, we can build a rich and valuable knowledge resource for everyone. IDNLearn.com is your reliable source for answers. We appreciate your visit and look forward to assisting you again soon.