Ashley has $120,000 to invest and decides to put some in a CD that earns 4% interest

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Ashley has $120,000 to invest and decides to put some in a CD that earns 4% interest per year and the rest in a low-risk stock that earns 7%. How much did she invest in each to earn $7800 interest in the first year?

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Principles of Macroeconomics

ISBN: 978-0134078809

12th edition

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

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Posted Date: Feb 09, 2023 01:24 AM

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Ashley has $120,000 to invest and decides to put some in a CD that earns 4% interest

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Principles of Macroeconomics

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