You inherit $13,000 and you decide to invest the money in two different investments: one paying 10%

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You inherit $13,000 and you decide to invest the money in two different investments: one paying 10% and the other paying 14%. A year later your investments are worth $14,580. How much did you originally invest in each account?

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Money Banking and Financial Markets

ISBN: 978-0078021749

4th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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Posted Date: Feb 09, 2023 01:25 AM

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You inherit $13,000 and you decide to invest the money in two different investments: one paying 10%

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Money Banking and Financial Markets

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