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Name: A retired woman has $60,000 to invest. She has chosen one relatively s
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Description: A retired woman has $60,000 to invest. She has chosen one relatively safe investment fund that has an annual yield of 9% and another riskier fund that has a 13% annual yield. How much should she invest in each fund if she would like to earn $6,000 pe

Algebra: Structure And Method, Book 1

(REV)00th Edition

ISBN:9780395977224

Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Chapter11: Rational And Irrational Numbers

Section: Chapter Questions

Problem 10MPS

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A retired woman has $60,000 to invest. She has chosen one relatively safe investment fund that has an annual yield of 9% and another riskier fund that has a 13% annual yield. How much should she invest in each fund if she would like to earn $6,000 per year from her investments?

9% fund	$
13% fund	$

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