Question
One safe investment pays 10% per year, and a more risky investment pays 18% per year. A woman who has $142,900 to invest would like
One safe investment pays 10% per year, and a more risky investment pays 18% per year. A woman who has $142,900 to invest would like to have an income of $19,490 per year from her investments. How much should she invest at each rate?
| 10% | $ |
| 18% | $ |
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Cornerstones of Financial and Managerial Accounting
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
2nd edition
978-1111879044
