Betsy, a recent retiree, requires $ 6 comma 000 6,000 per year in extra income. she has $ 60 comma 000 60,000 to invest and can invest in b-rated bonds paying 15 15% per year or in a certificate of deposit (cd) paying 5 5% per year. how much money should be invested in each to realize exactly $ 6 comma 000 6,000 in interest per year?

Let the amount she invests in the B-rated bonds be x, and the amount she invested in the certificate of deposit be y.

Then,

x + y = 60,000 . . . . . . . (1)
0.15x + 0.05y = 6,000 . (2)

Multiplying the first equation by 0.15 gives:

0.15x + 0.15y = 9,000 . (3)

Subtracting equation (2) from equation (3) gives:

0.1y = 3,000

y = 3,000 / 0.1 = 30,000

From equation (1):

x + 30,000 = 60,000

x = 60,000 - 30,000 = 30,000

Therefore, the amount of money that should be invested in each to realize exactly $6,000 in interest per year is $30,000 each.

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