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You inherit$50000 from a rich great-aunt who died. You contact a financial advisor who recommends that you invest your money in a money market account
You inherit$50000 from a rich great-aunt who died. You contact a financial advisor who recommends that you invest your money in a money market account in municipal bonds and in a mutual fund. You find a money market account that is paying 6% interest annually, some mutual bonds that are paying 5% interest annually and a mutual fund that is paying 7.5% interest annually. You decide to invest $11000 more in the mutual fund than in the municipal bonds. If you receive a check for $3225 in interest after one year, how much money was invested in each account? Find: The amount of money the investor placed in each type of investment. Enter to the nearest dollar. Do not use commas in the number The amount of money invested in the money market account $ = The amount of money invested in municipal bonds $ = The amount of money invested in a mutual fund $ =
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