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Mathematics, 06.11.2020 21:40 21shalissa420
moira inherited 20,000 and invested part of it in a money market account, part in municipal bonds, and part in a mutual fund. After a year, she received a total of $1,220 in simple interest from the three investments. The money market account paid 4% annually, the bonds paid 5% annually, and the mutual fund paid 8% annually. There was $4,000 more invested in the mutual fund than in money market account. Find the amount that moria invested in mutual fund?
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