You have $50,000 and wish to invest part at 10% and the rest at 6%. How much should be invested 3) at each rate to produce the same return as if it all had been invested at 9%? A) $37,000 at 6%, $13,000 at 10% B) $37,000 at 10%, $13,000 at 6% C) $37,500 at 10%, $12,500 at 6% D) $37,500 at 6%, $12,500 at 10%

You have $50,000 and wish to invest part at 10% and the rest at 6%. How much should be invested 3) at each rate to produce the same return as if it all had been invested at 9%? A) $37,000 at 6%, $13,000 at 10% B) $37,000 at 10%, $13,000 at 6% C) $37,500 at 10%, $12,500 at 6% D) $37,500 at 6%, $12,500 at 10%

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter12: Sequences, Series And Binomial Theorem

Section12.3: Geometric Sequences And Series

Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...

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