Answered: Jane has $6000 invested at 7% and 8%.…

Jane has $6000 invested at 7% and 8%. How many dollars would she have to invest at 8% so that her total interest per year would be equal to %350 ?

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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Jane has $6000 invested at 7% and 8%. How many dollars would
she have to invest at 8% so that her total interest per year would
be equal to %350 ?

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