Solve the following Problem below: aren has $5000 to invest in two stocks. She decides to invest $3200 in TI stock that pays 11.3% interest and $1800 in a Movie Company stock that pays 10.5% interest in which both were compounded daily. How much money would she MAKE/PROFIT after investing for two years? (based on a bank year of 360 days) 2220.55 4011.30 1231.85 6231.85

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter7: Applying Fractions
Section7.7: Mixture Problems
Problem 7P
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Solve the following Problem below:
Karen has $5000 to invest in two stocks. She decides to invest $3200 in TI stock that pays 11.3%
interest and $1800 in a Movie Company stock that pays 10.5% interest in which both were
compounded daily. How much money would she MAKE/PROFIT after investing for two years?
(based on a bank year of 360 days)
2220.55
4011.30
1231.85
6231.85
O Ov1 9:56
Transcribed Image Text:Solve the following Problem below: Karen has $5000 to invest in two stocks. She decides to invest $3200 in TI stock that pays 11.3% interest and $1800 in a Movie Company stock that pays 10.5% interest in which both were compounded daily. How much money would she MAKE/PROFIT after investing for two years? (based on a bank year of 360 days) 2220.55 4011.30 1231.85 6231.85 O Ov1 9:56
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