Mark wants to invest $10,000 to pay for his daughter's wedding next yea CD that pays 12% interest and the rest in a money market savings accou invest at each rate if he wants to earn $1,095 in interest in one year? Provide your answer below: 12% amount: $ 5% amount: $

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.3: Solve Mixture Applications
Problem 3.65TI: Remy has $14,000 to invest in two mutual funds. One fund pays interest at 4% per year and the other...
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Mark wants to invest $10,000 to pay for his daughter's wedding next yea
CD that pays 12% interest and the rest in a money market savings accou
invest at each rate if he wants to earn $1,095 in interest in one year?
Provide your answer below:
12% amount: $
5% amount: $
Transcribed Image Text:Mark wants to invest $10,000 to pay for his daughter's wedding next yea CD that pays 12% interest and the rest in a money market savings accou invest at each rate if he wants to earn $1,095 in interest in one year? Provide your answer below: 12% amount: $ 5% amount: $
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