Dr. Wellness has $14,000 invested at 5.1%. How many dollars more would he have to invest at 9.6% so that his total interest per year would equal 6.9% of the two investments?

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 10E
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Dr. Wellness has $14,000 invested at 5.1%. How many dollars more would he have to invest at 9.6% so that his total interest per year would equal 6.9% of the two investments?

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