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One Safe Investment Pays 10% Per Year, and a More

Question 170

Multiple Choice

One safe investment pays 10% per year, and a more risky investment pays 18% per year. A woman who has $146,400 to invest would like to have an income of $21,000 per year from her investments. How much should she invest at in the 18% rate fund? ​


A) $66,900
B) $79,500
C) $116,100
D) $92,880
E) $63,600

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