Multiple Choice
Solve the problem.
-Tim invested $87,000 in two plans. Plan 1 is at an APR of 6%, and plan 2 is at an APR of 12%. If he invested $5000 less in plan 2 than in plan 1, how much can he expect to earn in one year?
A) $4920
B) $7980
C) $7680
D) $2760
Correct Answer:
Verified
Correct Answer:
Verified
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