Question Shawn has $15,000 to invest. She will put some of it into a fund that pays 4.5% annual interest and the rest in a certificate of deposit that pays 1.8% annual interest. How much should she invest in each account if she wants to earn 4.05% annual interest on the total amount?
Question Shawn has $15,000 to invest. She will put some of it into a fund that pays 4.5% annual interest and the rest in a certificate of deposit that pays 1.8% annual interest. How much should she invest in each account if she wants to earn 4.05% annual interest on the total amount?
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 57SE: Karl has two years to save $10000 to buy a used car when he graduates. To the nearest dollar, what...
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Shawn has $15,000 to invest. She will put some of it into a fund that pays 4.5% annual interest and the rest in a certificate
of deposit that pays 1.8% annual interest. How much should she invest in each account if she wants to earn 4.05% annual
interest on the total amount?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1fc5117c-6b63-40df-86f1-94f8b6471697%2F71bca25f-093e-4315-8818-5b5a14ca03fd%2Ftihskya_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question
Shawn has $15,000 to invest. She will put some of it into a fund that pays 4.5% annual interest and the rest in a certificate
of deposit that pays 1.8% annual interest. How much should she invest in each account if she wants to earn 4.05% annual
interest on the total amount?
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