Question
1)A woman has $90,000 to invest in two mutual funds. One fund is low-risk and has an annual yield of 10%. The second fund is
1)A woman has $90,000 to invest in two mutual funds. One fund is low-risk and has an annual yield of 10%. The second fund is medium-risk and has a 15% annual yield. How much should she invest in each fund if she would like to earn $10,000 per year from her investments?
(show the formula)
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Elementary Linear Algebra with Applications
Authors: Howard Anton, Chris Rorres
9th edition
471669598, 978-0471669593
