Money. Gary and Ginger decide to place $10,000 of their
Chapter 10, Problem 99(choose chapter or problem)
Money. Gary and Ginger decide to place $10,000 of their savings into investments. They put some in a money market account earning 3% interest, some in a mutual fund that has been averaging 7% a year, and some in a stock that rose 10% last year. If they put $3000 more in the money market than in the mutual fund and the mutual fund and stocks have the same growth in the next year as they did in the previous year, they will earn $540 in a year. How much money did they put in each of the three investments?
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