question archive Naugatuck Valley Community College MATH 123 Kelly has M$= 24000 to invest
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Naugatuck Valley Community College MATH 123
Kelly has M$= 24000 to invest. She wants to diversify into three investments: the first one yields p1= 3% simple interest, the second one yields p2=6% simple interest. The third one yields p3=8% simple interest. Kelly wishes to earn $r= 1347.90 per year income. Also she wants her investment into the first option to be $N=3000 more than her investment in the third one. How much money should Kelly place in each investment?
She has to place
____ into the first choice
____ into the second choice
____ into the third choice
round to the nearest integer.
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