Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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A woman invests $7,400 in two hedge funds. One fund pays 17% interest on the original investment. The other does poorly, earning only 2% for the year. The
woman earns $923 in interest from these two funds during the year. The woman invested a total of $2233 into the fund that paid 2% interest.
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Transcribed Image Text:A woman invests $7,400 in two hedge funds. One fund pays 17% interest on the original investment. The other does poorly, earning only 2% for the year. The woman earns $923 in interest from these two funds during the year. The woman invested a total of $2233 into the fund that paid 2% interest. ◄ 84°F Mostly cloudy Esc F1 True Q A F2 -8- 2 W S F3 #3 E F4 D $ 4 F5 R 0 F Q Search % 5 F6 T F7 6 G Y F8 & 7 H F9 K00 8 N F10 False 9 a M F11 K O F12 L P Prt Sc Insert Backspace 11:04 AM 6/18/2023 Enter
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