SOLUTION: You were left a small inheritance by your Grandma. Her will stipulates that you invest 1/4 of the money in stocks, 1/4 of the money in bonds, and 1/2 of the money in U.S. Treasury
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Question 443906: You were left a small inheritance by your Grandma. Her will stipulates that you invest 1/4 of the money in stocks, 1/4 of the money in bonds, and 1/2 of the money in U.S. Treasury Bills. Stocks pay 4% interest annually, bonds pay 8% interest annually, and U.S. Treasury Bills pay 2% annually. If your total annual interest on the three investments is $4000, how much did you inherit? Answer by rwm(914) (Show Source):
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