SOLUTION: After inheriting some money, a women wants to invest enough to have an annual income of $5,000. If she can invest $20,000 at 9% annual interest, how much more will she have to inv

Question 107496This question is from textbook College Algebra
: After inheriting some money, a women wants to invest enough to have an annual income of $5,000. If she can invest $20,000 at 9% annual interest, how much more will she have to invest at 7% to achieve her goal? This question is from textbook College Algebra

Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!
Let's call M what she needs to invest at 7%. Then,

She'll have to put an additional $45,714.29 at 7% to reach her goal.
RELATED QUESTIONS
After inheriting some money, a woman wants to invest enough to have an annual income of... (answered by DrBeeee)

After inheriting some money, a woman wants to invest enough to have an annual income of... (answered by richwmiller)

After inheriting some money, a woman wants to invest enough to have an annual income of... (answered by TimothyLamb)

After inheriting some money, a woman wants to invest enough to have an annual income of... (answered by mananth)

After inheriting some money, a man wants to invest enough to have annual income of... (answered by sachi,MathTherapy)

After inheriting some money, a woman wants to invest enough to have an annual income of... (answered by josgarithmetic)

I have two questions #1-After inheriting some money, a woman wants to invest enough to (answered by checkley75)

a woman wants to invest enough to have an annual income of $5,000. If she can invest... (answered by hope.green15)

At the birth of their daughter, a couple wants to invest some money so she will have $20... (answered by anand429)