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Answer: For exercises 17 and 18, use this scenario: A retired woman has $50,000 to

Chapter 2, Problem 19

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QUESTION:

For exercises 17 and 18, use this scenario: A retired woman has $50,000 to invest but needs to make $6,000 a year from the interest to meet certain living expenses. One bond investment pays 15% annual interest. The rest of it she wants to put in a CD that pays 7%. Two planes fly in opposite directions. One travels 450 mi/h and the other 550 mi/h. How long will it take before they are 4,000 mi apart?

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QUESTION:

For exercises 17 and 18, use this scenario: A retired woman has $50,000 to invest but needs to make $6,000 a year from the interest to meet certain living expenses. One bond investment pays 15% annual interest. The rest of it she wants to put in a CD that pays 7%. Two planes fly in opposite directions. One travels 450 mi/h and the other 550 mi/h. How long will it take before they are 4,000 mi apart?

ANSWER:

Step 1 of 2

Consider the following information

 Two planes fly in opposite directions. One travels 450 mi/h and the other 550 mi/h. Find the time it will take before they are 4,000 mi apart. Consider being the time in hours both planes travel after when they will be 4,000 mi apart.

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