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Rental income A woman has $500,000 invested in two rental properties. One yields an annual return of 10% on her investment, and the other returns 12% per year on her investment. Her total annual return from the two investments is $53,000. Let
Write an equation that states that the sum of the investments is $500,000.
What is the annual return on the 10% investment?
What is the annual return on the 12% investment?
Write an equation that states that the sum of the annual returns is $53,000.
Solve these two equations simultaneously to find how much is invested in each property.
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Mathematical Applications for the Management, Life, and Social Sciences
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