Mathematics, 10.10.2020 21:01 jadaspells27
You plan to invest $10,000 in two funds paying 4.5% and 5% simple interest. (There is more risk in the 5% fund.) Your goal is to obtain a total annual interest income of $480 from the investments. What is the smallest amount you can invest in the 5% fund and still meet your objective?
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You plan to invest $10,000 in two funds paying 4.5% and 5% simple interest. (There is more risk in t...
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