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16. An investor has $54,000 to invest in a CD and a mutual fund. The CD yields 6% and the mutual fund yields 5.5%. The

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16. An investor has $54,000 to invest in a CD and a mutual fund. The CD yields 6% and the mutual fund yields 5.5%. The mutual fund requires a minimum investment of $10,000 and the investor ne requires that at least twice as much should be invested in CDs as in the mutual fund. How much should be invested in CDs and how much should be invested in the mutual fund to maximize the return? What is the maximum return? (20 points) odmonton noor

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