Assume that her total winnings are $ 400000, that the utility bonds will pay 16 percent per year, and that the savings account will pay 4 percent per year.   What will be her total yearly income from these investments? $

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter2: Exponential, Logarithmic, And Trigonometric Functions
Section2.1: Exponential Functions
Problem 53E: Interest Ron Hampton needs to choose between two investments: One pays 6% compounded annually, and...
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Assume that her total winnings are $ 400000, that the utility bonds will pay 16 percent per year, and that the savings account will pay 4 percent per year.

 

What will be her total yearly income from these investments? $ 

 
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