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Juanita divides $12,000 into two parts to invest. With a portion of the money, she buys mutual funds that offer a return of 5.0% per
Juanita divides $12,000 into two parts to invest. With a portion of the money, she buys mutual funds that offer a return of 5.0% per year. Places the rest in the bank with interest of 4% per year. The first year her investments give her a profit of $540.00. How much did she invest in mutual funds? Do not include a dollar sign ($) in her reply
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