Question
Erica Lottsbringer invests $12 000 so that part of her investment earns interest at 4% per annum and the other part earns 6% per annum.
Erica Lottsbringer invests $12 000 so that part of her investment earns interest at 4% per annum and the other part earns 6% per annum. If the total annual interest on the investment is $560, how much has Erica invested at each rate?
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Fundamentals of Multinational Finance
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
5th edition
205989756, 978-0205989751
