Finance A small corporation borrowed $800,000 to expand its line of toys. Some of the

Chapter 7, Problem 54

(choose chapter or problem)

Finance A small corporation borrowed $800,000 to expand its line of toys. Some of the money was borrowed at 8%, some at 9%, and some at 10%. How much was borrowed at each rate if the annual interest owed was $67,000 and the amount borrowed at 8% was five times the amount borrowed at 10%? Investment Portfolio

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