Ralph Chase plans to sell a piece of property for $170000. He wants the money to be paid off in two ways - a short-term note at

Question

Ralph Chase plans to sell a piece of property for $170000. He wants the money to be paid off in two ways - a short-term note at 11% interest and a long-term note at 8% interest. Find the amount of each note if the total annual interest paid is $16300. The amount of the 11% note is $ and the amount of the 8% note is $

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