One safe investment pays 10% per year, and a more risky investment pays 18% per year. A woman who has $143,400 to invest would like to have an income of $19,620 per year from her investments. How much should she invest at each rate?

One safe investment pays 10% per year, and a more risky investment pays 18% per year. A woman who has $143,400 to invest would like to have an income of $19,620 per year from her investments. How much should she invest at each rate?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 27P

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One safe investment pays 10% per year, and a more risky investment pays 18% per year. A
woman who has $143,400 to invest would like to have an income of $19,620 per year from her
investments. How much should she invest at each rate?

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