Solve the investment problem. See Example 4. See the Strategy for Solving Word Problems box on page 91.
Wanda’s windfall. Wanda invested one-half of her lottery winnings in a corporate bond that returned 8% after 1 year, one-fourth in a mutual fund that returned 3% after 1 year, and put the rest in a CD that returned 4% after 1 year. If the total income on the investments after 1 year was $5750, then what was the amount of her lottery winnings?
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