Ed Moura has $17000 invested in stocks paying 6 %. How much additional money should he invest in certificates of deposit paying 3 % so that the average return on the two investments is 4 %?
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Home » Mathematics » Ed Moura has $17000 invested in stocks paying 6 %. How much additional money should he invest in certificates of deposit paying 3 % so that the average return on the two investments is 4 %?