An investor has $100,000 to invest and can choose between insured savings at 3.5% interest or annuities

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An investor has $100,000 to invest and can choose between insured savings at 3.5% interest or annuities paying 6.25%. If the investor wants to earn an annual income of $4,490, how much should be invested in each?

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Nature Of Mathematics

ISBN: 9781133947257

13th Edition

Authors: Karl J. Smith

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Question Posted: Jan 17, 2024 03:01 AM

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An investor has $100,000 to invest and can choose between insured savings at 3.5% interest or annuities

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AMT INVESTED IN SAVINGS AMT IN ANNUITIES TOTAL INVESTED AMT INVESTED IN SAVIN...View the full answer

Nature Of Mathematics

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