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Mohammad Aran, a financial planner, recommended that 40% of a client's cash account be invested in preferred stock earning 9% annual simple interest. The remainder of the client's cash was placed in Treasury bonds earning 7% annual simple interest. The total annual interest earned from the two investments was $1716. Find the total amount invested.
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Mohammad Aran, a financial planner, recommended that 40% of a client's cash account be invested in p...
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