SOLUTION: After inheriting some money, a woman wants to invest enough to have an annual income of $5,000. If she can invest $20,000 at 8% annual interest, how much more will she have to inve
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Question 909137: After inheriting some money, a woman wants to invest enough to have an annual income of $5,000. If she can invest $20,000 at 8% annual interest, how much more will she have to invest at 7% to achieve her goal? Answer by richwmiller(17219) (Show Source):
You can put this solution on YOUR website! .08*20000+.07x=5000
1600+.07x=5000
.07x=3400
x=3400/.07
x=48571.428571428571428571428571429
check
.07*48571.428571428571428571428571429+.08*20000=5000
ok
