Mr. Mostafa received an inheritance of $7,000. He put part of it in a tax haven paying

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Mr. Mostafa received an inheritance of $7,000. He put part of it in a tax haven paying 9% interest and another part in a bank paying 6%. If his annual interest totals $540, how much did he invest at each rate?

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Mar 17, 2024 08:36 AM

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Mr. Mostafa received an inheritance of $7,000. He put part of it in a tax haven paying

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Lets denote the amount invested in the taxi haven as x and the amount in the bank inverted 70... View the full answer

Personal Finance

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