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Set Up an Equation That Can Be Used to Solve

Question 81

Multiple Choice

Set up an equation that can be used to solve the problem. Solve the equation and answer the question asked.
-Susan purchased some municipal bonds yielding 7% annually and some certificates of deposit yielding 9% annually. If Susan's investment amounts to $19,000 and the annual income is $1590, how much money is
Invested in bonds and how much is invested in certificates of deposit?


A) $5500 in bonds; $13,500 in certificates of deposit
B) $13,500 in bonds; $5500 in certificates of deposit
C) $6000 in bonds; $13,000 in certificates of deposit
D) $13,000 in bonds; $6000 in certificates of deposit

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