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gabriellepaige4:
Mikhail has a savings portfolio containing $12,000, of which $3,000 is invested in CDs. His friend, Ivan, has $2,000 invested in CDs, and this investment is proportional to Mikhail's. How much money is in Ivan's savings portfolio?
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Mercury:
investment in CD's/total savings portfolio is equal for both people b/c they're proportional so Mikhail's CD's/Mikhail's portfolio = Ivan's CD's/Ivan's portfolio plug in the appropriate values and solve for Ivan's portfolio
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