Question
Rework problem 17 in section 2 of Chapter 5 of your textbook about the lottery winner who is going to invest in utility bonds and
Rework problem 17 in section 2 of Chapter 5 of your textbook about the lottery winner who is going to invest in utility bonds and a savings account using the following data: Assume that her total winnings are $ 400000, that the utility bonds will pay 4 percent per year, and that the savings account will pay 1 percent per year.
How much should she allocate to each investment in order for the yearly incomes from them to be the same? Utility Bonds: $
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Savings Account: $
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What will be her total yearly income from these investments? $
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