An investor has

$80,000

to invest in a

CD

and a mutual fund. The

CD

yiolds

7%

and the mutual fund yields

6%

. The mutual fund requires a minimum investment of

$8,000

, and the investor req that at least twice as much should be investod in CDs as in the mutual fund. How much should be invested in CDs and how much in the mutual fund to maximize the retum? What is the maximum retum?\ To maximize income, the investor should place

$

in

CDs

and

$

in the mutual fund. (Round to the nearest dollar as needed.)\ The maximum retum is $_. (Round to the nearest dollar as needed.)

An investor has $80,000 to invest in a CD and a mutual fund. The CD yiolds 7% and the mutual fund yieids 6%. The mutual fund requires a minimum investment of $8,000, and the investor rey that at loast twice as much should be investod in CDs as in the mutual fund. How much should be invested in CDs and how much in the mutual fund to maximize the retum? What is the maximum retum? To maximize income, the investor should place $ in CDs and $ in the mutual fund. (Round to the nearest dollar as needed.) The maximum retum is $ (Round to the nearest dollar as needed.)