23-08-2020
Mathematics

contestada

PLEASE HELP ME I NEED THIS BY TONIGHT!!!! Ed Moura has $85000 invested in stocks paying 5%. How much additional money should he invest in certificates of depositing paying 2% so that the average return on the two investments is 3%?

Respuesta :

swampfire1204 swampfire1204

23-08-2020

Answer:

$170,000

Step-by-step explanation:

(1.05(85000))+1.02x=1.03(85000)+1.03y

honestly not sure but it's the best I got

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