John was injured on the job and receievd a setllement of $1.5 million that he can live on for his retirement. John is going to pay off his debts(including his house) of $550,000. He is going to invest the balance in two accounts. One pays 7.5% and the other 4.5%. John will ONLY need $58,500 in order to live ar his current level.
a. Write a system of equations that will help you determine the amount to be invested in each account.
b. How much should John invest in each account in order to earn the $58,500 he needs?