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Marcel just retired, and has $ 8 4 0 , 0 0 0 to invest. A very safe Certificate of Deposit ( CD ) account

Marcel just retired, and has $840,000 to invest. A very safe Certificate of Deposit (CD) account pays 2%, while a riskier bond fund pays 7.5% in interest. Marcel figures he needs $55,000 a year in interest to live on. How much should he invest in each account to make enough interest while minimizing his risk?

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