A retired couple have $600,000 to invest and want to earn $60,000 per year in interest. The
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A retired couple have $600,000 to invest and want to earn $60,000 per year in interest. The safer investment yields 9.5%, but they can supplement their earnings by investing some of their money at 11%. How much should they invest at each rate to earn $60,000 per year?
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Sandhya Sharma
I hold M.Sc and M.Phil degrees in mathematics from CCS University, India and also have a MS degree in information management from Asian institute of technology, Bangkok, Thailand. I have worked at a international school in Bangkok as a IT teacher. Presently, I am working from home as a online Math/Statistics tutor. I have more than 10 years of online tutoring experience. My students have always excelled in their studies.
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Related Book For 
Mathematical Applications For The Management, Life And Social Sciences
ISBN: 9781337625340
12th Edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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