You inherited $5000 with the stipulation that for the first year the money had to be invested

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You inherited $5000 with the stipulation that for the first year the money had to be invested in two funds paying 9% and 11% annual interest. How much did you invest at the 9% rate if the total interest earned for the year was $487?

Related Book For answer-question

College Algebra

ISBN: 978-0134697024

12th edition

Authors: Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels

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Posted Date: Mar 01, 2023 06:23 AM

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You inherited $5000 with the stipulation that for the first year the money had to be invested

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let amount invested 9 rate x Therefore amo... View the full answer

College Algebra

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