Question
You invested $ 4000 $4000 between two accounts paying 6 % 6% and 8 % 8% annualinterest, respectively. If the total interest earned for the
You invested $ 4000
$4000 between two accounts paying 6 %
6% and 8 %
8% annualinterest, respectively. If the total interest earned for the year was $ 260 comma
$260, how much was invested at eachrate?
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An Introduction to the Mathematics of Financial Derivatives
Authors: Ali Hirsa, Salih N. Neftci
3rd edition
012384682X, 978-0123846822
