Assume that her total winnings are $ 400000, that the utility bonds will pay 16 percent per year, and that the savings account will pay 4 percent per year.   What will be her total yearly income from these investments? $

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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Assume that her total winnings are $ 400000, that the utility bonds will pay 16 percent per year, and that the savings account will pay 4 percent per year.

 

What will be her total yearly income from these investments? $ 

 
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