Question
You inherit $13,000 and you decide to invest the money in two different investments: one paying 10% and the other paying 14%. A year later
You inherit $13,000 and you decide to invest the money in two different investments: one paying 10% and the other paying 14%. A year later your investments are worth $14,580. How much did you originally invest in each account?
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Money Banking and Financial Markets
Authors: Stephen Cecchetti, Kermit Schoenholtz
4th edition
007802174X, 978-0078021749
