Question Marco has $8,000 to save for his daughter's college education. He wants to divide it between one account A which pays 3.2% interest per year and account B which pays 8% interest per year. How much should he invest in each account if he wants the interest on the total investment to be 6.5%? Provide your answer below: 3.2 percent, $ 8 percent

Question Marco has $8,000 to save for his daughter's college education. He wants to divide it between one account A which pays 3.2% interest per year and account B which pays 8% interest per year. How much should he invest in each account if he wants the interest on the total investment to be 6.5%? Provide your answer below: 3.2 percent, $ 8 percent

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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