Dan has invested $12,000 in bonds paying 6%. How much additional money should he invest in a

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Dan has invested $12,000 in bonds paying 6%. How much additional money should he invest in a certificate of deposit paying 3% simple interest so that the total return on the two investments will be 4%?

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Intermediate Algebra

ISBN: 9780134895987

13th Edition

Authors: Margaret Lial, John Hornsby, Terry McGinnis

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Question Posted: May 26, 2023 07:16 AM

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Dan has invested $12,000 in bonds paying 6%. How much additional money should he invest in a

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We must take Dans targeted total return of 4 into account in order to decide how muc...View the full answer

Intermediate Algebra

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