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One safe investment pays 10% per year, and a more risky investment pays 18% per year. A woman who has $139,600 to invest would like to have an income of $18,920 per year from her investments. How much should she invest at each rate? |
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Answer» @ 10% per year = NEED an INVESTMENT of 189,200 to get 18,920 per year INCOME@ 18% per year = need an investment of 105,111.11 to get 18,920 per year income |
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