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Suppose that you receive an unexpected inheritance of $ 4 2 , 4 0 0 . You have decided to invest the money by placing

Suppose that you receive an unexpected inheritance of $

42, 400 .

You have decided to invest the money by placing some of the money in stocks that pay

2.8 %

and the rest and bonds that pay

6 % .

How much should you place in each investment in order to earn $

1696

annually

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