Suppose that you received an unexpected inheritance of $39,200. You have decided to invest the money by placing some of the money in stocks that pay 4.8% and the rest in bonds that pay 8%. How much should you place in each investment in order to earn 6%or $2352 annually?
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Home » Mathematics » Suppose that you received an unexpected inheritance of $39,200. You have decided to invest the money by placing some of the money in stocks that pay 4.8% and the rest in bonds that pay 8%.