Question
A company invests a total of $30,000 of surplus funds at two annual rates of interest: 4% and 6 %. It wishes an annual yield
A company invests a total of $30,000 of surplus funds at two annual rates of interest: 4% and 6 %. It wishes an annual yield of no less than 6 %. What is the least amount of money that the company must invest -% rate? The company should invest at least $(at 6-%. (Round to the nearest cent as needed.)
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Mathematical Applications for the Management Life and Social Sciences
Authors: Ronald J. Harshbarger, James J. Reynolds
11th edition
9781337032247, 9781305465183, 1305108043, 1337032247, 1305465180, 978-1305108042
