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An investor decides to invest some cash in an account paying 12% annual interest, and to put the rest in a stock fund that ends
An investor decides to invest some cash in an account paying 12% annual interest, and to put the rest in a stock fund that ends up earning 8% over the course of a year. The investor puts $1300 more in the first account than in the stock fund, and at the end of the year finds the total interest from the two investments was $740. How much money was invested at each of the two rates? Round to the nearest integer.
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