A student earned $4000 during the summer and decided to put half into an IRA (Individual Retirement
Question:
A student earned $4000 during the summer and decided to put half into an IRA (Individual Retirement Account). If the IRA was invested in two accounts earning 4.0% and 5.0%, the total income for the first year is $92. The equations to determine the amounts of x and y are
Are the amounts x = $1200 and y = $800?
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To check if the amounts x 1200 and y 800 are correct we can substitute them into the eq...View the full answer
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Related Book For 
Basic Technical Mathematics
ISBN: 9780137529896
12th Edition
Authors: Allyn J. Washington, Richard Evans
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