Question
You win $25,000 and you decide to invest the money in two different investments: one paying 20% and the other paying 8%. A year later
You win $25,000 and you decide to invest the money in two different investments: one paying 20% and the other paying 8%. A year later you have $27,600 total. How much did you originally invest in each account?
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Fundamentals of corporate finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
2nd Edition
978-0470933268, 470933267, 470876441, 978-0470876442
