Question
A retired woman has $130,000 to invest. She has chosen one relatively safe investment fund that has an annual yield of 9% and another, riskier
A retired woman has $130,000 to invest. She has chosen one relatively safe investment fund that has an annual yield of 9% and another, riskier one that has an annual yield of 13%. How much should she invest in the fund yielding 9% if she would like to earn $14,000 per year from her investments?
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Cases in Finance
Authors: Jim DeMello
3rd edition
1259330476, 1259330478, 9781259352652 , 978-1259330476
