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(1 point) Rework problem 17 in section 2 of Chapter 5 of your textbook about the lottery winner who is going to invest in utility
(1 point) Rework problem 17 in section 2 of Chapter 5 of your textbook about the lottery winner who is going to invest in utility bonds and a savings account using the following data: Assume that her total winnings are $ 500000, that the utility bonds will pay 80 percent per year, and that the savings account will pay 20 percent per year. How much should she allocate to each investment in order for the yearly incomes from them to be the same? Utility Bonds: $ 5000 Savings Account: $ What will be her total yearly Income from these investments? $
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