2) A man has $245,000 invested in three properties. One earns 12%, one 10%, and one 8%. His annual income from the properties is $23,400 and the amount invested at 8% is twice that invested at 12%. a) How much is invested in each property? 12% property = 10% property = 8% property = b) What is the annual income from each property? 12% property = 10% property = 8% property =

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 18PROB
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Need help finding the % totals

2) A man has $245,000 invested in three properties. One earns 12%, one 10%, and one 8%. His
annual income from the properties is $23,400 and the amount invested at 8% is twice that invested
at 12%.
a) How much is invested in each property?
12% property =
10% property =
8% property =
b) What is the annual income from each property?
12% property =
10% property =
8% property =
Transcribed Image Text:2) A man has $245,000 invested in three properties. One earns 12%, one 10%, and one 8%. His annual income from the properties is $23,400 and the amount invested at 8% is twice that invested at 12%. a) How much is invested in each property? 12% property = 10% property = 8% property = b) What is the annual income from each property? 12% property = 10% property = 8% property =
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