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asked • 07/25/16

Financial mixture problems

Ethan has a total college account of $175,000. He is going to split this into two different funds, one which pays 6.5% and the other that pays 8%. How much should he put in each account so that he gets the $12,000 in interest per year that he needs to pay for college? 

1 Expert Answer


James B. answered • 07/26/16

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