Ed Moura has $73000 invested in stocks paying 8%. How much additional money should he invest in certificates of
deposit paying 4% so that the average return on the two investments is 5%?

Question

03-09-2022
Mathematics

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Ed Moura has $73000 invested in stocks paying 8%. How much additional money should he invest in certificates of
deposit paying 4% so that the average return on the two investments is 5%?

Sagot :

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