Fernando invests $500,000 in a commercial paper, a promissory note and a bond that pay him at

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Fernando invests $500,000 in a commercial paper, a promissory note and a bond that pay him at an interest rate of 10%, 13% and 7.5% respectively. The amount invested in the payable is double that invested in commercial paper.

How much do you have in each investment if the semiannual interest amount is $25,000?

Posted Date: May 15, 2024 01:29 PM

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Fernando invests $500,000 in a commercial paper, a promissory note and a bond that pay him at

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To solve this problem we need to find the amount invested in each type of investment commercial pape... View the full answer

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