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To find: The amount of money that is invested in the treasury notes.
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Answer to Problem 12OE
The amount that is invested in the notes is
Explanation of Solution
Given:
The total investment in the treasury notes and the bond is
The annual interest rate of noteis
The annual interest rate of bond is
The annual income is
Calculation:
Consider the amount of money that is invested in the notes is
Consider the total income from
Chapter 9 Solutions
Algebra: Structure And Method, Book 1
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