You have already invested $400 in a stock with an annual return of 11%. How much of an additional $1,200 should be invested at 12% and how much at 6% so that the total return on the entire $1,600 is 9%? (Round each answer to the nearest cent.)
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Home » Mathematics » You have already invested $400 in a stock with an annual return of 11%. How much of an additional $1,200 should be invested at 12% and how much at 6% so that the total return on the entire $1,600 is 9%? (Round each answer to the nearest cent.)