The school board also discusses how to invest some of its


The school board also discusses how to invest some of its reserves. They want to invest 2.5 million dollars in a mixture of 2 types of bond funds: a corporate bond fund paying 5% interest per year, and a municipal bond fund paying 6% interest per year.

How much money should be invested in the corporate bond fund if the total annual return from both investments is $132,000?

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Financial Management: The school board also discusses how to invest some of its
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