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Old 03-28-10, 07:22 PM   #1
GoldenRivet
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Default any math geniuses? cause im not.

My wife is taking a class... the question is:

bob received $14,000 inheritance and divided it between a mutual fund that yielded a yearly return of 5% and a 1 year cd that paid 3.5% annually. if his total earnings for the year on this investment was $640, how much did he invest in each of these two funds?


i havnt taken a serious sit down honest to goodness math class in years... any suggestions as to how to solve this

frankly... she has been jacking with it for 3 hours and i wish she would just leave me the hell alone about it... so any help would be splendid

thanks
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