Wednesday
March 22, 2017

Post a New Question

Posted by on Thursday, January 15, 2009 at 9:24pm.

A prfessor wants to supplement her pension with investment interst. If she invest $28,000 at 6%, how much more would she have to invest at 7% to achieve a goal of %3,500 per year in supplemental income?

  • math - , Thursday, January 15, 2009 at 10:23pm

    28000(1.06) + x(1.07) = 3500

    solve for x

  • DOUBLE-CHECK math - , Thursday, January 15, 2009 at 11:10pm

    just looked at my answer again, and it looks like I messed up

    should have said:

    28000(.06) + x(.07) = 3500

    the answer is 26000

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question