Solved: Investment Analysis An inheritance of $40,000was divided among three investments
Chapter 7, Problem 51(choose chapter or problem)
Investment Analysis An inheritance of $40,000was divided among three investments yielding $3500in interest per year. The interest rates for the threeinvestments were 7%, 9%, and 11%. Find theamount placed in each investment when the second andthird were $3000 and $5000 less than the first,respectively.
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