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Mathematics, 24.06.2021 01:00 channyfilthy8735
An individual has $40,000 to invest: $28,000 will be put into a low-risk mutual fund averaging 6.9% interest compounded monthly, and the remainder will be invested in a high-yield bound fund averaging 9.8% interest compounded continuously.
Required:
a. Write an equation for the total amount in the two investments.
b. Write the rate-of-change equation for the combined amount.
c. How rapidly is the combined amount of the investments growing after 6 months? after 15 months?
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An individual has $40,000 to invest: $28,000 will be put into a low-risk mutual fund averaging 6.9%...
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