How much money should be invested in corporate bond fund

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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?

Reference no: EM13873550

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