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02-07-2017
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After inheriting some money, a woman wants to invest enough to have an annual income of $5,000. if she can invest $20,000 at 9% annual interest, how much more will she have to invest at 6% to achieve her goal

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Aliwohaish12 Aliwohaish12

02-07-2017

Hi there

20000×0.09+0.06x=5000
Where x is the amount invested at 6%
Solve for x
1800+0.06x=5000
0.06x=5000-1800
0.06x=3200
X=3200÷0.06
X=53333.33....answer

Good luck!

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