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A total of $48,000 is invested in two municipal bonds that pay 4.25% and 5.75% simple interest. The investor wants an annual interest income of $2400 from the investments. What …

A total of $48,000 is invested in two municipal bonds that pay 4.25% and 5.75% simple interest. The investor wants an annual interest income of $2400 from the investments. What …
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A total of $48,000 is invested in two municipal bonds that pay 4.25% and 5.75% simple interest. The investor wants an annual interest income of $2400 from the investments. What amount should be invested in the 4.25% bond

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User Mstrengis
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1 Answer

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The amount invested in the 4.25% bond should be $16,000.
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User Crusam
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