Vern sold his 1964 Ford Mustang for $55,000 and wants to invest the money to earn him 3.6% interest per vear. He will put some of the money into Fund A that earns 2% per year and the rest in Fund B that earns 10% per year. How much should he invest into each fund (in dollars) if he wants to earn 3.6% interest per year on the total amount? Fund A Fund B

Vern sold his 1964 Ford Mustang for $55,000 and wants to invest the money to earn him 3.6% interest per vear. He will put some of the money into Fund A that earns 2% per year and the rest in Fund B that earns 10% per year. How much should he invest into each fund (in dollars) if he wants to earn 3.6% interest per year on the total amount? Fund A Fund B

Name: Vern sold his 1964 Ford Mustang for $55.000 and wants to invest the m
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Description: Vern sold his 1964 Ford Mustang for $55.000 and wants to invest the money to earn him 3.6% interest per vear. He will put some of the money into Fund A that earns 2% per year and the rest in Fund B that earns 10% per year. How much should he invest

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 3.66TI: has $8,000 to save for his daughter’s college education. He wants to divide it between one account...

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