Undergraduate

person plans to invest a total of $ 5 6 , 0 0 0 in a CD at 4 % annual interest and a mutual

person plans to invest a total of
$56,000
in a CD at4% annual interest and a mutual fund that has a3-year average annual interest of10%. Let x and y represent the money(in dollars) invested in the CD and the mutual fund, respectively. How much money should be invested in each account to earn a total of
$ 3200$
in one year?

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