how much should betsey investing in cds
Betsey, a recent retiree requires $5,000 per year in extra income. She has $50,000 to invest and can invest in B rated bonds paying 15% per year in a CD paying 5% per year. How much money should be invested in each to realize exactly $5,000 interest per year? The amount of money invested at 15% = $___________? The amount of money invested at 5% = $___________?