SOLUTION: Ralph Chase plans to sell a piece of property for $180,000. He wants the money to be paid off in two ways, a short-term note at 11% interest and a long-term note at 8% interest. Fi
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Question 257500: Ralph Chase plans to sell a piece of property for $180,000. He wants the money to be paid off in two ways, a short-term note at 11% interest and a long-term note at 8% interest. Find the amount of each note if the total annual interest paid is $17,400. Answer by rfer(16322) (Show Source):
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