Problem

Solve the investment problem. See Example 4. See the Strategy for Solving Word Problems bo...

Solve the investment problem. See Example 4. See the Strategy for Solving Word Problems box on page 91.

Investing inheritance. Norman invested one-half of his inheritance in a CD that had a 10% annual yield. He lent one-quarter of his inheritance to his brother-in-law at 12% simple interest. His income from these two investments was $6400 for 1 year. How much was the inheritance?

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