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Ed Moura has $65000 invested in stocks paying 6% . How much additional money should he invest in certificates of deposit paying 3% so that

Ed Moura has

$65000

invested in stocks paying

6%

. How much additional money should he invest in certificates of deposit paying

3%

so that the average return on the two investments is

4%

?\ He should invest

$

in certificates of deposit.\ (Simplify your answer. Type an integer or a decimal.)

image text in transcribed
Ed Moura has $65000 invested in stocks paying 6%. How much additional money should he invest in certificates of deposit paying 3% so that the average retum on the two investments is 4% ? He should invest \$ in certificates of deposit. (Simplify your answer. Type an integer or a decimal.)

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