document.write( "Question 841644: Wendy, a loan officer at a bank, has $1,000,000 to lend and is required to obtain an avg return of 18% per yr. If she can lend at the rate of 19% or at the rate of 16%, how much can she lend at the 16% rate and still meet her requirement?\r
\n" ); document.write( "\n" ); document.write( "I don't quite know what I'm solving for, or really where to start.
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Algebra.Com's Answer #507084 by ewatrrr(24785)\"\" \"About 
You can put this solution on YOUR website!
 
\n" ); document.write( "Hi,
\n" ); document.write( "Let x represent how much can she lend at the 16% rate
\n" ); document.write( "(and let M represent the $1,000,000 just for ease of Set Up)
\n" ); document.write( " .16x + .19(M-x) = .18M
\n" ); document.write( " -.03x = -.01M
\n" ); document.write( " x = .01M/.03 = (1/3)$1,000,000 0r $333,333.33
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