A family invests a total of $40,000 in two securities, one which pays 7% and one which pays 9%. How much should be invested in each to obtain an annual total return of 7.5%?
What will be an ideal response?
Invest $30,000 at 7% and $10,000 at 9%
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Divide.
A. 0.00009546 B. 0.09546 C. 9.546 D. 0.9546
Provide an appropriate response.In a raffle 1000 tickets are being sold at $1.00 each. The first prize is $100, and there are 3 second prizes fo $50 each. By how much does the price of a ticket exceed its expected value?
A. $1.00 B. $0.75 C. $1.75 D. $50
Solve the problem.Suppose a life insurance policy costs $16 for the first unit of coverage and then $4 for each additional unit of coverage. Let be the cost for insurance of x units of coverage. What will 10 units of coverage cost?
A. $40 B. $56 C. $24 D. $52
Simplify the expression, writing the answer as a single term without negative exponents.a-2 - b-2
A.
B.
C.
D.