SOLUTION: What some of money, invested at 9% per year, is needed to provide an income of $45 per year?

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Question 672510: What some of money, invested at 9% per year, is needed to provide an income of $45 per year?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
How is it invested? compounded or simple interest?
Cheers,
Stan H.