How can 70,000 be invested, part at 6% annual simple interest and the remainder at 8% annual

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How can 70,000 be invested, part at 6% annual simple interest and the remainder at 8% annual simple interest, so that the interest earned by the two accounts will be equal?

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Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: May 05, 2023 08:50 AM

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How can 70,000 be invested, part at 6% annual simple interest and the remainder at 8% annual

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Lets assume that x is the amount invested at 6 inter... View the full answer

Income Tax Fundamentals 2013

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