Send It Out International Outsourcing Home Send It Out International Outsourcing

> This investment word problem is ridiculous?

Top concern

Math problem help, compound interest: How long will it take to become a millionaire?
Help! Canada post; "Item on hold at postal facility to verify address of recipient"?
How do you calculate the stock price given the current price,dividend and growth rate?
Who makes more money, private equity investors or the people who work in the firm?
Having trouble with yahoo finance the last few days. It keeps changing market prices to old data. What's up?
A question about dividends from shares?
What do I need to know about stock/shareholding?
When do I buy a stock (read description)?
What is the difference between interest and a finance charge?
Which general information financial site (e.g., Google, Yahoo)gives the % short interest of individual stocks?
(200.00) in an account statement. Is this symbol a surplus or a deficit?
Any comments on this stocks share price ?
Can Treasury buy back gov bonds on secondary market and destroy them?
In present, what business is best to do with small investment?
How can i get a 6% return each year on investments?

This investment word problem is ridiculous?

Posted at： 2014-12-05　

How to do this?:

Suppose Mikey invests $15,000 at 6%. How much additional money should Mikey invest at 4% to produce a yield of 5.5% on the entire amount investested?

Please explain the steps to me, I always get this one wrong :(

Previous： Ink, Inc. has 40,000 shares of stock outstanding. The company declares dividends of $120,000.?

Next：Were can I invest 12k?