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A mother wants to invest $12,000.00 for her son's future education. She invests a portion of the money in a bank certificate of deposit (CD account) which earns 4% and the remainder in a savings bond that earns 7%. If the total interest earned after one year is $ 720.00, how much money was invested in the CD account? The total interest earned after one year is $720.00. How much money was invested in the CD account? (Round to the nearest cent, if necessary.)

Reference no: EM131435372

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