SOLUTION: I have tried all day and cannot wrap my head around this please help...Orlando Salavarrio, a financial planner, recommended that 20% of a client's investment be placed in a 3% annu
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Question 840306: I have tried all day and cannot wrap my head around this please help...Orlando Salavarrio, a financial planner, recommended that 20% of a client's investment be placed in a 3% annual simple interest tax-free account, 40% be placed in 7% certificates of deposit, and the remainder be placed in a 9% high-risk investment. The total interest earned from the investments would be $5600. Find the total amount to be invested. Answer by Alan3354(69443) (Show Source):
