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Frank just retired, and has $660,000 to invest. A very safe Certificate of Deposit (CD) account pays 2.5%, while a riskier bond fund pays 7.5%

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Frank just retired, and has $660,000 to invest. A very safe Certificate of Deposit (CD) account pays 2.5%, while a riskier bond fund pays 7.5% in interest. Frank figures he needs $26,000 a year in interest to live on. How much should he invest in each account to make enough interest while minimizing his risk? at 2.596 at 7.5% Round answers to the nearest dollar. Question Help: Message instructor Submit

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