Wendy, a loan officer at a bank, has $1,000,000 to lend and is required to obtain an

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Wendy, a loan officer at a bank, has $1,000,000 to lend and is required to obtain an average return of 18% per year. If she can lend at the rate of 19% or at the rate of 16%, how much can she lend at the 16% rate and still meet her requirement?

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College Algebra

ISBN: 9780135226865

11th Edition

Authors: Michael Sullivan, Michael Sullivan III

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