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Caitlin invested money in two mutual funds – a stock fund and a balanced fund. She invested twice as much in the stock fund as in the balanced fund. At the end of year, the stock fund earned the equivalent of simple interest and the balanced fund earned . If her total gain was , determine how much she invested in each fund. Round to the nearest dollar, if necessary.
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Caitlin invested money in two mutual funds – a stock fund and a balanced fund. She invested twice as...
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