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April 18, 2014

Homework Help: math

Posted by mohamed on Tuesday, January 29, 2013 at 10:02am.

Investing inhertance.Norman invested one-half of his inheritance in a CD that had a 10% annoul yield. He lent one-quarter of of his inheritance to his brother -in-law at 12% simple interest. His income from these two investments was $6400 for 1 year. How much was the inheritance?

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