Mathematics, 03.09.2020 06:01 daydallas01
You plan to invest $12,000 in two funds paying 4 1/2 and 5% simple interest. (There is more risk in the 5% fund.) Your goal is to obtain a total annual interest income of $575 from the investments. What is the smallest amount you can invest in the 5% fund and still meet your objective?
Answers: 3
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You plan to invest $12,000 in two funds paying 4 1/2 and 5% simple interest. (There is more risk in...
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