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Phoenix inherits $12,000. He decides to invest part of the inheritance in a mutual fund and...

Phoenix inherits $12,000. He decides to invest part of the inheritance in a mutual fund and the remaining part in a certificate of deposit. If the amount invested in the certificate of deposit is $3,000 more than 8 times the amount invested in the mutual fund, find the amount invested in each account.

Math   Prealgebra   
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