Question:
Fernando invested money in a 3-yr CD (certificate of
Last updated: 7/17/2022
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Fernando invested money in a 3-yr CD (certificate of deposit) that returned the equivalent of 4.1% simple interest. He invested $2000 less in a 30-month CD that had a 2% simple interest return. If the total amount of interest from these investments was $592.00, determine how much was invested in each CD.