Question
One safe investment pays 10% per year, and a more risky investment pays 18% per year. A woman who has $146,100 to invest would like
One safe investment pays 10% per year, and a more risky investment pays 18% per year. A woman who has $146,100 to invest would like to have an income of $20,130 per year from her investments. How much should she invest at each rate?
10%$
18%$
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An Introduction to the Mathematics of financial Derivatives
Authors: Salih N. Neftci
2nd Edition
978-0125153928, 9780080478647, 125153929, 978-0123846822
