One safe investment pays 10% per year, and a riskier investment pays 18% per year. A woman

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One safe investment pays 10% per year, and a riskier investment pays 18% per year. A woman who has $145,600 to invest wants to have an income of $20,000 per year from her investments. How much should she invest at each rate?

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Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Feb 09, 2018 04:24 AM

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One safe investment pays 10% per year and a more risky investment pays 18% per year. A woman has $144,800 to invest and would like to have an income of $20,000 per year from her investments. How much...
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One safe investment pays 10% per year, and a riskier investment pays 18% per year. A woman

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x Amount in safe fund 145600 x amount ...View the full answer

Mathematical Applications for the Management Life and Social Sciences

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