Posted by **Devin** on Sunday, August 26, 2012 at 4:08pm.

an executive invests $29,000 some at 7% and some at 6% annual interest. if he receives an annual return of $1870, how much is invested at each rate?

- algebra -
**drwls**, Sunday, August 26, 2012 at 6:24pm
Solve the two simultaneous equiations:

A + B = 29,000

0.06A + 0.07 B = 1870

A is the amount invested at 6%; B is the amount invested at 7%

- college algebra -
**TRAY**, Wednesday, August 29, 2012 at 5:47pm
Find the cost of a home in 20 years, assuming an annual inflation rate of 2%, if the present value of the house is $280,000. (Round your answer to the nearest cent.

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